Ruchir Sinha - Resolut Partners

Ruchir Sinha

Email :

ruchir.sinha@resolutpartners.com

Phone :

+91 8169272986

Recognitions

  • Distinguished Practitioner,” Corporate M&A and Private Equity, Asialaw, 2024
  • “Highly Regarded”, Corporate M&A and Private Equity, IFLR 1000, 2024
  • Recognised for “Most Innovative” transactions by Financial Times, London, 2016 and 2024
  • Nominated as a “Deal Maker of the Year 2019”, Thomson Reuters – Asian Legal Business, 2019
  • Nominated amongst the top 3 corporate lawyers in India (under 35 category), IDEX Legal Awards, 2015
  • Winner of the IBA Young Lawyer Scholarship, Vancouver, 2010
  • Elected Member, Royal Institute of Chartered Surveyors

Overview

Ruchir has extensive experience advising investment funds on their setup and various corporate trans­actions they have undertaken across private equity, M&A and structured finance. Ruchir also has background in fund formation and tax, and has been involved in developing the first generation of asset-specific tax optimized investment platforms and managed accounts.

He actively advises leading global corporations, financial sponsors, SWFs on investments primarily in financial services (BFSI), technology and real assets (real estate, infrastructure and manufacturing) sectors. Several transactions have also been recognized as most innovative by the Financial Times, London in their Asia Pacific directory of most innovative lawyers. He was also involved in structuring the first unlisted InvIT (a regulated infrastructure fund) and advised on several other listed InvITs. He was involved in de­veloping some of the pioneering private credit instruments, and has worked extensively with the regulators on developing the regulations for private credit in India.

Ruchir co-chairs APREA’s Infrastructure and InvITs committee and has been closely involved in the development of the SEBI REIT and InvIT Regulations. Prior to setting up Resolüt Partners, Ruchir co-headed the corporate transactions group at Nishith Desai Associates, where he worked for 14 years.

Representative Matters

  • Advised GIC Singapore on its USD 2bn majority owned smart meter platform, and PIPE into Genus
  • Advised Glade Brook Capital on their investment in Zepto’s fundraise (~USD 665 mn)
  • Advised ROADIS (PSP Canada) on USD 350 million financing
  • Advised GIC Singapore on its ~USD 800 million sale of 24% in IRB InvIT to Cintra, Ferrovial Group
  • Advised Investcorp on acquisition of 2 Education Infra Assets
  • Advised Glade Brook Capital and Canaan Valley Capital on their investment in Dailyhunt (~USD 100 mn)
  • Advised GIC Singapore on their investment in the Reliance Tower InvIT alongside Brookfield and British Columbia Investment Management Company to acquire JIO Telecom Towers
  • Advised GIC Singapore on their investment in setting up the GIC – IRB InvIT (first unlisted Infrastructure Investment Trust)
  • Advised GIC Singapore on their investment in Bharti Airtel QIP
  • Advised Alpine Capital on their investment in KreditBee (~75mn)
  • Advised Investcorp Bank on its acquisition of IDFC’s real estate and private equity asset management businesses, and in setting up their offshore fund vehicles for funding their various investment strategies (~AUM of USD 500 mn)
  • Advised Cintra INR Investments BV, a subsidiary of Ferrovial S.A., Europe’s largest infrastructure groups in their investment in IRB Infrastructure Developers Limited (~USD 430 mn)
  • Advised GIC Singapore on their pre-IPO investment in Star Health
  • Advised GSO Partners (now Blackstone Credit) in the 100% sale of Mgage to Tanla Solutions against a swap of listed shares
  • Advised Mapletree Investment Pte. Ltd. in the buy-out of SP Infocity from CPPIB and Shapoorji Pallonji Group (~SGD 500 mn)
  • Advised GIC Singapore on their co-investment into the IndiGrid InvIT with KKR
  • Advised Brookfield Asset Management on its investment in INDIS housing projects, a Hyderabad-based real estate firm (~USD 135 mn)
  • Advised Archerman Capital in its equity investment into Infinity Fincorp Solution
  • Advised GIC in co-investment transactions into a Blackstone vehicle and Barings vehicle (with underlying listed targets)

Education

B.A. LL.B. (Hons.), ILS Law College

Publications

  • “How will COVID-19 losses impact valuation in M&A transactions?”, The Economic Times, May 2020
  • “Should the court restrain lenders from invoking share pledge?”, Moneycontrol, April 2020
  • “Decoding India’s infrastructure investment trusts”, Infrastructure Investor (PEI Publication), October 2019
  • “Pledging of Shares; Do lenders need to rethink their strategy?”, Business Standard, March 2019
  • “Issues for offshore investment funds: To declare or not to declare”, MINT, September 2018
  • “Evolving negotiation strategies in late stage PE investments”, MINT, August 2017
  • “REITs: Will they be attractive enough?”, MINT, June 2017
  • “Thin Capitalisation norms to weigh on realty offshore funding”, ET Realty, February 2017
  • “Realty reforms to boost offshore funds”, ET Realty, December 2016
  • “REITs- Will they now be a reality?”, ET Realty, February 2016
  • “Externalisation: Regulatory regime forcing companies’ migration to foreign shores”, The Economic Times, January 2014
  • “The great deception: Satyam’s accounting scandal offers salutary lessons to companies”, Authored Cover Story, Asialaw, 2009

Interviews

  • Impact of Covid-19 on the deal making landscape, emerging opportunities for credit and special situations investors in infrastructure, promoter financing and securitization of loans, Exclusive Interview with MINT, June 2020
  • REITs and InvITs, Exclusive Interview with ET Now, April 2017
  • SEBI likely to launch REITs, CBNC TV-18, December 2013
Employee Incentivisation in InvITs – What is SEBI regulating?
SEBI vs Hindenburg: Separating The Law From The Noise
Public M&A: JV’s with exclusivity under SEBI’s scanner – The Linde Case
SEBI’s New Price Protection Regime - Is Deal Making Really Safeguarded?
ICICI Securities Delisting: What really are the issues?

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