Impact investor Aavishkaar, has committed INR 35 crore in Kottaram Agro Foods, a Bangalore based packaged foods startup. Aavishkaar will make the investment through its Aavishkaar Bharat Fund. Kottaram Agro Foods which markets its products under the brand ‘Soulfull’ would use the funds to strengthen its product portfolio and accelerate marketing.
Role – Jerome Merchant + Partners advised Aavishkar. Members of JM+P team: The team was led by Partner Sameer Sibal along with Associate MinalSangatwani and Rishabh Gupta.
Other Legal Advisors: Trilegal advised Kottaram Foods and its founders.
Members of CAM team: The Trilgal team was led by Partner Kosturi Ghosh along with Associate Rohit
Rajendran.
– Advised Mahindra Lifespaces in relation to a INR 500 crore joint venture investment with the International Finance Corporation, to set up a platform joint venture for the development of affordable housing projects in India.
– Advised Citrus Pay in its stake sale to the Naspers group for USD 130 million, which was one of the largest promoter exits in the financial services space.
– Advised KKR Financial Services in relation to multiple financing transactions with the Lemon Tree group, Kwality Group, Classic Stripes, Resonance Eduventures.
KALPANA MERCHANT
– Advised the Trent Group on the acquisition of properties in various cities and states for their retail and warehousing projects.
– Advised VPS Group in acquisition of properties and its hospital projects in India.
– Advising Cabot India in the sale of factory land and buildings and advised on complex issues on licenses and approvals and land ceiling laws.
SAMEER SIBAL
– Advised Mahindra Lifespaces in relation to a USD 100 million joint venture investment with the International Finance Corporation, to set up a platform joint venture for the development of industrial parks in India.
– Advised State Bank of India Mutual Fund in its investment of INR 500 crores in bond issuances by the Adani group.
– Advised Aavishkaar in its investment in HR Foods, a leading dairy producer in East and Northern India.
MURTAZA SOMJEE
– Advised the VPS group in its acquisition of the Rockland Hospitals in its INR 700 crore acquisition of a chain of hospitals across the Northern Indian region.
– Successfully advised a leading private equity fund in the enforcement of its investment rights against the sponsor of its portfolio company in India before an arbitration tribunal and in actions of mis-management by such promoters before specialized tribunals in India.
– Successfully advised the sellers of an Indian company in the hospitality space in relation to disputes ranging to valuation, pay outs and actions of breach of the purchase agreements before an arbitration tribunal and the High Court of Bombay
SHAMEEK RAY
– Advised Tata Motors in relation to its USD 750 million issuance of offshore bonds.
– Advised L&T Finance, IL&FS, Kotak Bank in its financing of multiple road and infrastructure projects for an amount in excess of INR 2000 crores.
– Advised Anthea Aromatics in its INR 120 crores private equity capital raising from ICICI Ventures
