Corporate & Commercial

Khaitan & Co advised RSB Transmissions on its proposed acquisition of approximately 76% in Setco Auto Systems Pvt Ltd (SASPL) from Setco Automotive Ltd (SAL) and India Resurgence Fund (India RF), along with a further subscription by RSB at closing to support repayment of SASPL’s existing debt. The transaction closing is subject to customary consents and approvals.

Khaitan & Co advised DWS Group GmbH & Co. KGaA (“DWS”) in relation to its proposed acquisition of 40% of Nippon Life India AIF Management Ltd (“NAIF”), currently a wholly owned subsidiary of Nippon Life India Asset Management Ltd (“NAMI”) for a consideration of approx. INR 733 crores by subscribing to equity shares to be issued by NAIF by way of preferential allotment (“Proposed Transaction”).

Khaitan & Co advised VINCI Highways, a subsidiary of VINCI Concessions, in relation to 100% acquisition of the Safeway Concessions by Concessoc 41 (part of VINCI Concessions) from Macquarie Asia Infrastructure Fund 2, managed by Macquarie Asset Management. Safeway Concessions platform comprises of nine toll road assets across Andhra Pradesh and Gujarat, totalling nearly 700 km along with an integrated O&M entity.  Completion is subject to customary conditions and regulatory approvals.

Khaitan & Co advised South Park Commons India Fund, LLC in relation to its investment in Centai Technologies Pvt Ltd. 

The Firm assisted in drafting and negotiating the transaction documents and closing support.

Khaitan & Co advised STEAG Power GmbH in relation to the divestment of 100% of its stake in STEAG Energy Services (India) Pvt Ltd to Bluspring Enterprises Ltd.

Khaitan & Co advised the Bangkok headquartered Indorama Ventures on acquisition of majority control of Blackstone owned EPL Ltd by amalgamation of Indorama’s offshore packaging business with EPL India, resulting in estimated valuation of USD 2 Billion in the combined entity.

Khaitan & Co advised consortium comprising of Aditya Birla Group, Times of India Group, Bolt Ventures and Blackstone on the proposed acquisition of Royal Challengers Sport Pvt Ltd from United Spirits Ltd, in a transaction valuing the business at ~USD 1.8 billion. 

Khaitan & Co advised Poggipolini S.p.A on its strategic acquisition of majority stake in Aero Fasteners Pvt Ltd. Through this partnership, the parties intend to strengthen local capabilities to design and manufacture advanced engineered products in India and cater to the Indian aerospace and defence ecosystem. 

Khaitan & Co advised Kaynes Semicon Pvt Ltd (Client) in executing the fiscal support agreement with the India Semiconductor Mission (ISM) pursuant to which the Government of India has agreed to extend fiscal support to the Client in setting up of the Outsourced Semiconductor Assembly and Test Facility in Sanand, Gujarat.

Khaitan & Co advised Ecofy Finance Pvt Ltd, Green Growth Equity Fund (GGEF) and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) on Ecofy Finance Pvt Ltd’s fundraise from British International Investment PLC (BII), FinnFund Digital Access Impact Fund I LP, GGEF and FMO.