Corporate & Commercial

Khaitan & Co advised Bluecore Inc. in relation to its acquisition (including of its Indian subsidiary, Bluecore Software Pvt Ltd) by Insider One. 

The Firm acted as deal counsel to Bluecore Inc. on this transaction for India.

Khaitan & Co advised Triton Fund II (Triton) with respect to its minority investment in Scikiq Data Pvt Ltd (Company), in its Series A funding round (Transaction).

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 Chalet Hotels Ltd (formerly Chalet Hotels Pvt Ltd) with the acquisition of 100% stake of Seasons Hotels Pvt Ltd owning a 144-room hotel ‘Inder Residency Resort & Spa, Udaipur’ in the state of Rajasthan from its shareholders for a total consideration of approximately INR 171 crores. 

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)

Khaitan & Co acted as India counsel and advised Startek Inc. on cross-border merger of Startek Inc. with CCI Consulting FZCO and CCI Enterprises FZCO to create a scaled, PE-backed global customer experience (CX) platform. The transaction involved a complex multi-jurisdictional merger structure spanning the United States and UAE, with integration of multiple global subsidiaries.

Khaitan & Co advised Veiva Scientific India Pvt Ltd on a minority investment by Gazania Advisory LLP, covering negotiation and execution of all transaction documents.

Khaitan & Co advised Cornerstone Ventures Partners as lead investor, and  Ashra Private Equity Fund (Shepherds Hill Private Equity Trust) as co-investor, in the Series A funding round of Credilio Financial Technologies Pvt Ltd — a UPI-first fintech platform enabling digital distribution of credit products (loans, credit cards) to Tier II and Tier III markets via financial advisors.