Khaitan & Co advised and assisted 360 ONE Pvt Equity Fund (investing through its various schemes and acting through its investment manager, 360 ONE Alternates Asset Management Ltd) (collectively, “360 ONE”) in securing an unconditional approval from the Competition Commission of India (“CCI”) for its minority investment in Neysa Networks Pvt Ltd (“Neysa”).
Khaitan & Co advised L'Oréal on its acquisition of majority stake in Onesto Labs Pvt Ltd (Innovist), a leading digital-first Indian personal care house of brands.
Khaitan & Co advised Peak XV and Sofina in relation to investment in series B round of Firstclub Technology Private Limited (“Firstclub”). Existing investors, Accel, RTP Global and Paramark Ventures also participated in this round.
Khaitan & Co advised General Catalyst in relation to its investment in the series C round of Scapia Technology Pvt Ltd (“Scapia”) (lead by General Catalyst) for a total consideration of ~USD 63 million.
Khaitan & Co advised and assisted Vama Sundari Investments (Delhi) Pvt Ltd (an investment company of the HCL Group) on its joint venture with Foxconn Hon Hai Technology India Mega Development Pvt Ltd for establishment and operation of an outsourced semiconductor assembly and test factory in India.
Khaitan & Co advised Milky Mist Dairy Food Ltd and its promoters in relation to a pre-IPO primary investment of INR 482 crores by Jongsong Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings.
Khaitan & Co advised Everstone in its 100% acquisition of the Qlar group, from BCP Pinot S.à r.l., a Blackstone entity, for an approximate deal value between USD 150-200 million. The transaction was structured as a multi-step leverage buy-out, involving several jurisdictions including India, Germany and The Netherlands. The transaction was financed through a combination of equity and debt (including both external commercial borrowing and domestic borrowing).
Khaitan & Co advised FMC Corporation on its divestment of India crop protection commercial business to Crystal Crop Protection Limited for a total consideration of USD 252 million.
Khaitan & Co advised IIFL Capital Services Ltd in relation to acquisition by FIH Mauritius Investments Ltd, a wholly owned subsidiary of Fairfax India Holdings Corporation (“Fairfax India”), of an additional equity interest in IIFL Capital Services Ltd for approximately INR 3,500 crores, through a combination of (i) a preferential allotment of equity shares aggregating to approximately INR 2,000 crores at INR 350 per share, representing approximately 10% of the expanded share capital of the Company, (ii)
