AZB & Partners, Baker McKenzie and DMD Advocates, Lakshmikumaran & Sridharan Attorneys (LKS), and Khaitan & Co advised on Yonex’s acquisition of stake in Sunrise Sports.
Yonex, the Japanese sports goods manufacturer, entered into definitive agreements on September 16, 2026, to acquire a 50% voting stake in Sunrise Sports (India) Private Limited, its long-standing Indian sporting goods distributor headquartered in New Delhi.
Following the acquisition, Sunrise Sports is expected to become an equity-method affiliate of Yonex. The investment will strengthen their partnership and enable Yonex to expand its business in the Indian market.
AZB & Partners advised Sunrise Sports and its promoters, as lead Indian counsel, on their strategic investment and joint venture with Yonex.
The deal team comprised Senior Partner Hardeep Sachdeva, Partner Sudish Sharma, Senior Associates Druheen Mohanty, Isha Singh and Archit Bansal, and Associates Aditi Shekhar, Nishant Thakur and Sakshi Bhatnagar.
The tax aspects were handled by Partner Sumit Mangal and Associate Radhika Sharma.
Baker McKenzie (Gaikokuho Joint Enterprise) advised Yonex on its acquisition of shares in Sunrise Sports (India) Private Limited.
The team was led by Tokyo Corporate/M&A Partner Kiyoshi Endo, with support from Counsel Masao Tozaki, Senior Associate Moe Maekawa and Associate Kana Nomizo, as well as Tax Partner Akihiro Kawasaki.
DMD Advocates acted as tax advisor to the promoter of Sunrise Sports (India) Private Limited.
The DMD Advocates team was led by Partner Karanjot Singh and Associate Partner Sherry Goyal.
Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel to Sunrise Sports (India) Private Limited in connection with Yonex Co., Ltd.’s acquisition of a significant stake in the company.
The LKS transaction team comprised Partner Kunal Arora, Associate Partner Anupam Misra, and Senior Associates Jeevesh Jain and Ria Mehta.
Khaitan & Co acted as transaction counsel in connection with the acquisition.
