Khaitan & Co advised Kedaara Capital (“Kedaara”) in relation to its investment into Axtria, Inc. and its subsidiaries (“Axtria”), a leading Agentic AI-first data analytics and cloud software company serving the global life sciences industry, across the commercial and clinical spectrum. Structured as a combination of secondary investment and company-sponsored buyback, the transaction delivers total liquidity of USD 240 million.
Khaitan & Co advised CEAT Ltd in its acquisition of 'Camso' brand's Compact construction equipment tyre and tracks business from Michelin for a total consideration of USD 225 million. The acquisition includes global ownership of the 'Camso' brand along with manufacturing facility in Sri Lanka.
Khaitan & Co advised and represented Tomcar Holding Company LLC on its joint venture with JSW Sarbloh Motors Pvt Ltd to manufacture and assemble the Tomcar TX range of tactical all-terrain vehicles (ATVs) in India, with a focus to cater to Indian defence requirements and also supply the products to other left-hand drive and right-hand drive markets in Asia and beyond.
Khaitan & Co represented TPG Growth in its $150 million investment in Tessolve, a leading semiconductor engineering services company. Founded in India in 2004, Tessolve was acquired by Hero Electronix in 2016.
Tessolve is a partner to 18 of the world’s top 20 semiconductor firms and employs over 3,500 engineers across offices. Tessolve plans to use the funds to strengthen global delivery centres, expand advanced test labs, and enhance its end-to-end semiconductor engineering capabilities.
Khaitan & Co advised Zydus Wellness on the transaction, including the structuring and documentation for the transaction, with assistance from Bird & Bird, United Kingdom.
Khaitan & Co advised Tractors and Farm Equipment Ltd (TAFE) on the composite deal settlement with AGCO Corporation (AGCO) for which the following agreements were executed: (i) Buyback agreement; (ii) IP Agreement; (iii) Arbitrations settlement agreement; (iv) India litigation settlement agreement; and (v) Cooperation Agreement.
Khaitan & Co advised Insight Venture Management LLC on the India leg aspects for its investment in Chainbrain Inc. as a part of the Series B funding round of USD 43.5 million, which Insight led.
Khaitan & Co acted as legal counsel to Peak XV Partners Growth Investments IV (formerly Sequoia Capital India & SEA) (“Peak XV”) on its investment of approximately USD 28 million in the Series C funding round of Intellihealth Solutions Private Limited (“Truemeds”).
The Firm also advised Info Edge Venture Fund on its follow-on investment in the same round.
Khaitan & Co acted as legal advisors to ChrysCapital Advisors LLP in relation to investment of approximately INR 480 crores by ChrysCapital and 360 One in the Series D funding round of Comfort Grid Technologies Private Limited (“The Sleep Company”) through primary investment and secondary acquisition.
The Firm assisted with (i) conducting due diligence on The Sleep Company; (ii) negotiations and closing of the transaction for ChrysCapital’s investment in the Series D round of The Sleep Company.
Khaitan & Co advised TVS Motor Company and its wholly owned subsidiary TVS Singapore Pte. Ltd. in the acquisition of identified assets from Ion Mobility Pte. Ltd., a Singapore-based electric vehicle company.
The Firm advised TVS Motor Company and TVS Singapore Pte. Ltd. on the multi-jurisdictional transaction including acting as instructing counsel for multiple jurisdictions, including Singapore and Indonesia.
