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 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 Weaver Services Pvt Ltd on completing the acquisition of 75.01% stake in Centrum Housing Finance Limited from Centrum Capital Limited and certain other shareholders; and entering into binding agreements with Morgan Stanley Private Equity Asia for the acquisition of the remaining 24.99% stake.
Khaitan & Co advised General Catalyst in relation to Investment in series A investment round (lead by General Catalyst) along with other existing investors in Xflow for a total consideration of approximately USD 16.6 million. Xflow is engaged in the business of developing cross-border payments infrastructure.
Khaitan & Co advised General Catalyst in connection with its ~USD 14 million investment as lead investor in a USD 20 million financing round in Constelli Signals Pvt Ltd (“Constelli”).
Khaitan & Co advised Stonepeak Partners LLC on the proposed acquisition of Castrol Group Holdings Ltd from BP plc. (Seller), in a transaction valuing the Castrol business at an enterprise value of ~USD 10 billion. The Seller will retain a 35% non-controlling interest as part of the transaction.
Khaitan & Co acted as legal counsel to GEF Capital Partners in connection with its acquisition of a significant minority stake in Arya.ag, an integrated grain commerce and agritech platform, through a combination of primary and secondary investments aggregating ~USD 80 million.
Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Ltd, Shree Naman Developers Pvt Ltd, and JM Financial Properties and Holdings Ltd in relation to legal due diligence, title due diligence and submission of resolution plan for Hotel Horizon Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP).
