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Send us a tipBy Kian Ganz Thursday, 26 December 2013, 15:17 Deals in brief

As 2013 year-end approaches and law

firms send out a flood of press

releases to ensure they make it into

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The best of law firms' pre-Christmas deals,wrapped up

the annual deals league tables,

Legally India has wrapped up the

most interesting ones in one tidy

package.

Bharti sells out to JV-partnerWalmart, AZB, JSA do paperworkand clear CCI

The Competition Commission of India has given

the nod for the Bharti group to sell its nearly 50 per cent stake in the Cedar Support

Services joint venture to the US retail giant Walmart, which had a majority stake in the

venture [Moneycontrol : Details of transaction & CCI]

Bharti: AZB & Partners Delhi partners Gautam Saha and Samir Gandhi

Walmart: JSA partner Amitabh Kumar, senior associates Reeti Choudhary and Gautam

Shahi, and associate Lagna Panda.

AMSS, Luthra, S&R, CC, Latham sell 27% Medanta-Medicity stake to Carlyle for Rs960 crore

PE firm Carlyle Group invested 27 per cent in Gurgaon-based multi-specialty Medanta

Medicity Hospital for Rs 960 crore ($155m), buying from US-based PE firm Avenue Capital

[Financial Express / Livemint ]

Carlyle: Luthra & Luthra Mumbai private equity partner Shishir Vayttaden, supported by

competition law, regulatory and IP teams; International advisers: Clifford Chance Hong

Kong, and Latham & Watkins Brussels on anti-trust

Avenue Capital: S&R Associates partner Rajat Sethi, and associates Radhika Iyer and

Neha Goyal.

Medanta Medicity: Amarchand Mangaldas

Invus Group invests in Capital Foods, Biyani exits with AMSS, AZB

Kishore Biyani-owned Future Consumer Enterprises sold its 44 per cent stake to European

family office Artal Investments and its affiliate PE fund Invus Group [ET ]

Invus: Amarchand Mangaldas Delhi partner Raghubir Menon, principal associate

designates Ekta Gupta and Natashaa Shroff, senior associate designate Anirban

Bhattacharyya, associates Neha Udeshi and Niti Chatterjee, and consultant Shaun Star.

Capital Foods & promoter Ajay Gupta: AZB & Partners Mumbai partner Alka Nalavadi

and senior associate Jasmin Karkhanis

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Mahmood Hussain Law Firm - Dubai - 5-6 years PQE: Seeking exceptional senior

corporate associate

PK Inc. - Versatile 2+ year PQE litigation lawyer

Amarchand, S&R, DLA bag Power Grid $1.13bn public equity offering

Power Grid Corporation, which owns and operates more than 90% of India’s inter-state

transmission systems, raised Rs 6,900 crore through a follow-on public offer, which it

would use to invest in 27 transmission projects. Book running lead managers (BRLM) were

Citigroup, ICICI Securities, Kotak Mahindra Capital Company, SBI Capital Markets and UBS

Securities India [ET ]

Power Grid: Amarchand Delhi partner Prashant Gupta, principal associate Sayantan

Dutta, senior associate Agnik Bhattacharyya, associates Rishika Sengupta, Akanksha

Mahapatra and Medha Kumar

BRLM: S&R Associates partners Juhi Singh and Venkatesh Vijayaraghavan, with

associates Mohit Gogia, Ganeev Dhillon, Priyanka Mehta, Rohit Anand and Dhruv Agarwal

DLA Singapore acted as international counsel to the deal

A&M, Dua help Dutch start-up fund insert $5m into EPS ATM services business

Mumbai Electronic Payment and Services (EPS), managing end-to-end ATM operations for

Indian commercial banks, raised Rs 33 crore ($5m) from Asia Participation, which is an

affiliate Dutch entrepreneurial development bank FMO NV [VCCircle ]

FMO: A&M Law Offices New Delhi partner Viral Mehta and associates Prachi Goel and

Kinnari Sanghvi

EPS: Dua Associates Mumbai partner Vinod Joseph, senior associate Sugandha Kamal

and associate Rajat Agarwal

AMSS, JSA, Luthra help Gillette shareholders Poddar, P&G divest for SEBI, withJones Day, OMM

The promoters of Gillette India (The Poddar Group and Procter & Gamble (P&G)), sold off

2.8m shares worth $91.52m, to reduce their stake to comply with SEBI’s minimum public

shareholding norms [Dealcurry ]. DSP Merrill Lynch and ICICI Securities were the brokers.

Brokers: Luthra & Luthra partner Manan Lahoty and senior associates Surya Bala and

Komal Mehta, with O’Melveny & Myers Singapore partner Pooja Sinha

P&G: J Sagar Associates partner Kaushik Mukherjee, and Jones Day Singapore

partner Manoj Bhargava

Poddar Group: Amarchand Mangaldas partner Prashant Gupta

Khaitan, BakerMacs get $500m BNP Paribas loan to Bharat Petrol

BNP Paribas granted $500m in external commercial borrowing to Bharat Petroleum

Corporation to finance its crude oil imports

BNP Paribas: Khaitan & Co partner Devidas Banerji, with Baker & McKenzie Wong

& Leow Singapore-based principal James Huang on English law

ELP, Tempus structure D-Link’s F1 Networks purchase through SEBI Chapter VIIshare swap

Networking company D-Link Group in India and with its Mauritius holding company is set

to acquire Team F1 Networks, which specialises in embedded software engineering and

R&D, with expertise in networking and security. The acquisition will be made through a

preferential issue of equity shares in a share swap, under Chapter VII of the SEBI (ICDR)

Regulations.

D-Link: ELP partner Suhail Nathani, associate partner Vinayak Burman, consultant

Yogesh Chande and associate manager Archana Khosla

Team F1 Networks: Tempus Law partner Sundari R Pisupati and associate Sambit Das

AMSS, AZB, ELP do complex $110m Blackstone takeover of Agile Electric

PE firm Blackstone bought a 97.9 per cent stake in auto parts maker Agile Electric Sub

Assembly for around Rs 650 crore ($110m) via an open offer, including stakes in Agile

shareholders HBL Power Systems from Hyderabad and in Igarashi Motors, which was

bought by HBL in 2010. Padmanaban Mukund also sold shares to Blackstone, according to

Livemint .

“Through its acquisition of shares in Agile, including the subscription of OCDs by the

resident individual as a [Blackstone and Padmanabhan Mukund], Blackstone will exercise

indirect control over [Igarashi], resulting in an indirect trigger of an open offer to the public

shareholders of IMIL in terms of the SEBI (Substantial Acquisition of Shares and

Takeovers) Regulations, 2011.” said ELP in a statement. Mape Advisory Group was the

manager to the offer.

Agile & Igarashi Motors India: ELP partner Suhail Nathani, consultant Yogesh Chande and

associate Tomu Francis

Blackstone: Amarchand Mangaldas partner Raghubir Menon

Selling shareholders & Mape Adivsory Group: AZB & Partners

JSA acts in Red Fort Capital 49% sale of Godrej Developers

Red Fort Capital sold its 49 per cent stake in Godrej Developers to Godrej Properties

Red Fort: JSA partner Vivek Chandy and associate Siddharth K Vedula

Godrej: In-house

JSA, KPMG help France’s GDF Suez buy into Rs 6,000 crore Meenakshi AP powerproject

French energy company GDF Suez bought 74% in a 1,000 megawatt, Rs 6,000 crore

Meenakshi Energy and Infrastructure Holdings coal-fired power project in Andhra Pradesh

[Livemint ]

GDF Suez: J Sagar Associates M&A partners Upendra N Sharma and Nitesh

Bhasin, and Associates Udhav Gulati & Mudita Roy; Projects & project finance partners

Sumanto Basu and Pallavi Bedi, senior associate Deepak Thakur and associate Kartikeya

Dar; Regulatory partner Vishnu Sudarsan and associate Kartikeya GS, and Hyderabad

real estate partner Sanjay Kishore and associate Mohan Kumar.

Meenakshi: KPMG partners Manish Aggarwal and Hitesh Sachdeva

Luthra, AMSS get French Indian solar foothold with $50m EDF-ACME deal

The French government-run renewables company EDF Energies Nouvelles has entered India

with a $50m investment into ACME Solar Energy to produce solar power cells [Mint ]

EDF: Luthra & Luthra partners Sudipta Routh and Tarun Govil

ACME: Amarchand Mangaldas partners Jatin Aneja and Vidyut Gulati

Khaitan helps Tech Mahindra & Engineering on strategic merger

Tech Mahindra and Mahindra Engineering Services merged through a scheme of

amalgamation and arrangement under sections 391 to 394, read with sections 78, 100 to

104 of the Companies Act 1956, in order to strengthen its engineering offering [Mint /

Mahindra press release ]

Mahindra companies: Khaitan & Co corporate partner Vaishali Sharma and competition

partner Avaantika Kakkar

If you would like your deals reported in Legally India, please send us an

email at news@legallyindia.com with details of the transaction and lead

partners.

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Latest comments

Anupam Prasad joined RDA, not PXV, FYI.

What happened to Anupam Prasad who recently left KCo to join PXV?

Ignorance is bliss isnt it? Fall back on Chambers and Partners once in a while and you'll know better. (andyeah, that's ...Yes, I believe you are right. To the best of my knowledge, Rainmaker does not have any involvement with theAIBE anymore ...Are you implying that Rainmaker is still conducting these examinations or receiving a revenue share? As faras public ...I think it's fair to say that for lawyers, overall, there was nothing very exciting in this budget. And on GST, DTC...Why can't the apex court provide causelists properly? Not every lawyer has access to smartphones / is techsavvy.All Anti-RDA comments and Ushasi Das comments have been deleted. How will it still go on? Really LI is proRDAKian, as i write this comment, I see there are 162 comments!! This must be some sort of a record in LI. Justfor the ...Hi critic .... By your logic even pramod rao is a failure and unreliable, left successful job in icici ... Joined a ...

Well done, all lawyers!

Critic, having just read all your tedious comments, I have realised that you're an example of a particularscourge that our ...

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