Khaitan & Co advised NIIF on the first closing of NIIF Infrastructure Fund II (Fund), its second flagship infrastructure fund. The first closing was announced with aggregate commitments of INR 19,000 crores (~USD 2 billion). The milestone represents over 60% of the Fund’s INR 30,000 crores (~USD 3.2 billion) target size.
Khaitan & Co advised Madison Air Solutions Corporation ("Madison Air"), a global provider of air quality solutions, on its definitive agreement to acquire ebm-papst, a leading global supplier of high-performance airflow technology and a pioneer in integrated electronically commutated fan and motor systems, at an enterprise value of USD 5.4 billion.
Khaitan & Co advised Nexus Select Trust (acting through its Manager, Nexus Select Mall Management Pvt Limited) (“Nexus”) on the proposed acquisition of 100% of the share capital of Galaxy Infra Creations Pvt Ltd which owns: (a) a 0.5 million square feet Grade-A mall; and (b) a 164 key Hyatt Regency Hotel, each of which are currently under construction in Guwahati, for a purchase consideration of ~INR 1600 Crores, fro
Khaitan & Co advised EKA Life Realty LLP and EKA Living Pvt Ltd (EKA Group) on a structured revival, resolution and investment framework for 'The Resident Tower' real estate project in Noida, Uttar Pradesh (Project).
Khaitan & Co advised upGrad Education Pvt Ltd in its 100% acquisition of Sorting Hat Technologies Pvt Ltd (Unacademy) for a total consideration of USD 205 million.
Khaitan & Co advised ESDS Software Solution Ltd on its Initial Public Offering, comprising a fresh issue aggregating to approximately INR 7,200 million.
Khaitan & Co advised Bgauss Auto Pvt Ltd (“Bgauss”) on its Series D fundraise of INR 110 crores (~USD 11.6 million), led by its founder, Hemant Mahendrakumar Kabra, with participation from existing investor Bharat Value Fund and two other investors.
Khaitan & Co advised and assisted Bagaria Commercial Company in connection with the sale of its premium commercial property situated at 10D/2 Ho Chi Minh Sarani, Kolkata, to Musaddi Real Estate Construction LLP. The scope of assistance included advising the Client on the transaction structure and documentation, negotiating and finalising the Deed of Conveyance, and reviewing and negotiating other ancillary transaction documents and related matters to facilitate completion of the transaction.
Khaitan & Co advised the Volkswagen Group, in connection with the India leg of the agreement to sell a majority stake in Everllence (formerly known as MAN Energy Solutions) to Bain Capital, a leading global private investment firm.
The transaction is subject to regulatory approvals and customary closing conditions.
Khaitan & Co advised Denso Corporation in connection with strategic joint venture between Sona BLW Precision Forgings Ltd and DENSO Corporation to establish two joint ventures for developing, designing, manufacturing and marketing advanced electric and hybrid powertrain systems across multiple vehicle segments.
