J. Sagar Associates (JSA) advised the Goldman Sachs-managed Whitehall fund in the sale of its 73% stake in City View Bangalore Properties, which is developing a “Four Seasons Hotel and Private Residences” project at Bangalore..The deal is valued at Rs.630 crore. To help finance the deal, Blackstone Group will invest Rs.200 crore to acquire a 50% stake in the project. The remaining 50% will be with Embassy Property, which will develop it, according to Mint..The JSA team was led by Partner Vivek K Chandy along with Senior Associate Siddharth K Vedula..Sullivan & Cromwell acted as International legal counel for Goldman Sachs with a team led by Partner Robert Schlein and Associate Benjamin Goodchild..Amarchand Mangaldas advised Blackstone and Embassy with a team led by Bangalore Partner Reeba Chacko and Senior Associate Kota Chandan..Blackstone was also represented by Simpson Thacher & Bartlett..Goldman Sachs had invested around Rs.450 crore in the project at the beginning, reports Mint.
J. Sagar Associates (JSA) advised the Goldman Sachs-managed Whitehall fund in the sale of its 73% stake in City View Bangalore Properties, which is developing a “Four Seasons Hotel and Private Residences” project at Bangalore..The deal is valued at Rs.630 crore. To help finance the deal, Blackstone Group will invest Rs.200 crore to acquire a 50% stake in the project. The remaining 50% will be with Embassy Property, which will develop it, according to Mint..The JSA team was led by Partner Vivek K Chandy along with Senior Associate Siddharth K Vedula..Sullivan & Cromwell acted as International legal counel for Goldman Sachs with a team led by Partner Robert Schlein and Associate Benjamin Goodchild..Amarchand Mangaldas advised Blackstone and Embassy with a team led by Bangalore Partner Reeba Chacko and Senior Associate Kota Chandan..Blackstone was also represented by Simpson Thacher & Bartlett..Goldman Sachs had invested around Rs.450 crore in the project at the beginning, reports Mint.