Private Equity | Private Credit | Public M&A

Private Funds & Asset Management | International Taxation

We are specialised cross-border transactional lawyers mainly focused on investment funds (private equity and private credit) and public M&A. Our service proposition, at the threshold, is built on the primary attribute of ‘empathy’ – where we completely understand the commercial and strategic objectives of our clients, and take pride in eliminating choices and optimizing results for our clients.

ANALYSIS

SEBI orders public disclosure at M&A negotiation stage: Compromises deal certainty and amplifies directors’ liabilities

Revamped Overseas Investment Regime (Part II) – Overseas Debt Investments Rationalized

Revamped Overseas Investment Regime (Part I) – A Rational Overhaul

GP-Led Secondaries in India – Considerations and Challenges

Decoding Boardroom Dilemmas (Part III): Can Nominee Directors Share UPSI with Nominating Shareholders?

Private Funds: Corpus v Investible Funds – Need to reconsider SEBI’s penalty order?

Private Credit: Interest on NCDs recharacterized as dividends

Listed or Unlisted InvITs – Which way to go?

Private Credit: Supreme Court holds that ownership of pledged shares remains with pledgor despite transfer to pledgee

Decoding Boardroom Dilemmas - Hiving Off to Fundraise Through Subsidiaries – Commercial Wisdom or Short-Changing Public Shareholders?

Should Offshore Funds Appoint Directors?

Fund Formation: The Beginning of the Fund Lifecycle for India Focussed Funds

InvITs: Gamechanger in the Indian Infrastructure Story!

Structures and Considerations for Offshore Debt Funding

RECENT TRANSACTIONS

Glade Brook Capital

Advised Glade Brook Capital in Zepto's overall Series D fundraise of ~USD 200 million

GIC Singapore

Advised GIC Singapore in its equity investment into IRB Infrastructure Trust (unlisted InVIT). The amounts will be deployed by the trust towards the ~USD 100+ million equity cost of Palsit Dankuni Tollway Private Limited

Brookfield Asset Management

Advised Brookfield Asset Management on its structured investment of ~USD 130 mn in INDIS Group, a Hyderabad-based real estate firm

Cintra

Advised Cintra INR Investments BV, a subsidiary of Ferrovial S.A., Europe’s largest infrastructure groups in their investment in IRB Infrastructure Developers Limited’s overall fund raise of ~USD 720 mn