Trilegal team represented Multiples in the setting up of its inaugural continuation fund, worth approximately USD 430 million. This transaction marks the first-ever multi-asset secondaries transaction in India.
It was led by a consortium of four lead investors based in different geographies and was well oversubscribed. The transaction provided Fund II investors an opportunity to monetize the performance of a portfolio of highly successful investments, while select Fund II investors elected to re-invest in the continuation fund in support of Multiples’ continued ownership of the companies.
The Asset Management and Funds team advising on the matter was led by Partners Ganesh Rao, Aditya Jha and Yash Bansal and comprised Senior Associate Jill Gada, Associates Nayanikaa Shukla, Arpit Jhanwar, and Rea Gulati.
The Corporate team advising on the mandate was led by Partner Kunal Chandra, supported by Senior Associate Aditya Nandakumar and Kunal Paleja, and Associates Sharnam V. and Shambuk Biswas.
The Competition Team advising on the matter was led by Partner Rudresh Singh, Counsel Divye Sharma, Senior Associate Vrinda Nagpal, and Associates Rishitosh K. Akshaya and Kunal Singh.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
