Khaitan & Co advised Yamaha Motor Co and Al-Futtaim Auto International, existing investors in World of River Ltd, Inc., the Delaware parent of River Mobility Pvt Ltd (India), on River Mobility's USD 120 million Series C fundraise, one of the largest funding rounds in India's two-wheeler electric vehicle sector.
Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering (housing the precision machined castings business of Ashok Iron Works Group).
Khaitan & Co advised Cerberus Capital Management L.P. and some other investors on their investment in a landmark transaction involving the Shapoorji Pallonji Group. The transaction included (i) the issuance of up to INR 21,350 crores of unrated, unlisted, secured, zero-coupon redeemable non-convertible debentures issued by Eqyizen Investment Pvt Ltd, a Shapoorji Pallonji Group company, and (ii) the issuance of senior, secured USD bonds aggregating to USD 650 million being issued by Mercury Finance Company.
Khaitan & Co advised Stakeboat Capital, as lead investor through Stakeboat Capital Fund II, in its Series B investment in Quick Clean Private Limited, alongside co-investment from existing investors Alkemi and Blue Ashva Capital. The aggregate investment by the investors in Quick Clean Private Limited was INR 133 Crores (about USD 14 Million).
Khaitan & Co advised Cambridge Mobile Telematics (CMT) on Indian law aspects of a $350 million strategic investment led by TPG and Allianz X, with participation from State Farm.
The Firm advised CMT on the Indian law aspects of the transaction, involving incentive plans for Indian employees.
Khaitan & Co advised Bessemer Venture Partners as the lead investor in its Series B investment in Mitigata, a Bengaluru-based cyber resilience and insurance startup, alongside participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures in the aggregate round size of $ 15 million.
Khaitan & Co advised Arboreal Bioinnovations Pvt Ltd, one of India's fastest-growing specialty food and nutraceutical ingredients companies, on its INR 230 crores Series A funding round from Discovery Fund II (Edelweiss), Omnivore Agritech & Climate Sustainability Fund 3 (Omnivore), and Rainmatter Investments - by Zerodha, involving a primary and secondary component.
Khaitan & Co advised Algonomy Software Pvt Ltd on its 100% sale to ADA Data AI Solutions Pte Ltd, a Malaysia headquartered data and AI company delivering integrated digital, analytics, and marketing solutions to enterprises across Asia.
Khaitan & Co advised Adventz Developers LLP on the formation of a 50:50 joint venture with Nobilia International GmbH (“Nobilia”), a German company within the Nobilia group, which is primarily engaged in the business of kitchen and other furniture manufacturing.
Khaitan & Co advised the Amran/Narayan Group (including its founder shareholders and members and affiliates of the Shah family) on Standex International Corporation’s (NYSE: SXI) (“Standex”) landmark two-stage cross-border acquisition of Amran, LLC (operating as Amran Instrument Transformers) (“Amran”) and Narayan Powertech Pvt Limited (“Narayan”).
