Cyril Amarchand Mangaldas acted as legal counsel to Indium IV (Mauritius) Holdings Limited (Indium), an affiliate of True North Managers LLP (True North) on the proposed sale of Indium and other minority sellers’ entire shareholding in Infinity Fincorp Solutions Private Limited (Company) to PG Lotus Pte. Ltd. (Partners Group), a portfolio company of Partners Group; and proposed issuance of equity shares to Partners Group and its affiliates. Jungle Ventures IV VCC, along with its affiliates, will also be participating in the primary round.

This transaction was facilitated through a competitive bid process where we provided end-to-end legal and strategic support to True North. The transaction culminated in the signing of definitive agreements pursuant to which Partners Group will acquire a significant stake in Infinity Fincorp.

The transaction team was led by Partners Aditi Manchanda, Siddharth Vedula with support from Principal Associate Naimi Kamdar, Associates Kaushik Raichura and S B Aditi.

Partner Vandana Sekhri provided strategic inputs.

The diligence team was led by Partners Aditi Manchanda, Siddharth Vedula with support from Senior Associates Deepjoyika Ghosh Dastidar, Lokit Khurana, Associates Kabeer Jay and Shivendra Mehndiratta.

Partner Gazal Rawal with support from Senior Associate Yash Mukadam, Pratiksha A. and Associate Aniket Panchal advised on RBI application and related aspects.

Partner Jian Johnson with support from Principal Associate Sukriti Sarwan, Senior Associate Shobhit Dave, Associates Yusuf Kathawala, Eesha Tirodkar and Puvvala Medha assisted on regulatory due diligence and related aspects for the transaction.

Partner Arya Tripathy with support from Senior Associate Nidhi Jhawar and Associate Rushil Mehta assisted on intellectual property, information technology and data privacy due diligence and related aspects for the transaction.

Partner Subhojit Sadhu with support from Principal Associate Apoorv Jain and Associate Sanyam Agarwaal assisted on financing due diligence and related aspects for the transaction.

Partner Sowmya Kumar with support from Principal Associate Luv Saggi and Associate Tara Thakur assisted on employment law due diligence and related aspects for the transaction.

Partner Dhruv Rajain with support from Associate Vanya Agarwal assisted on competition law analysis.

Senior Associate Anukriti Bhattad assisted in the execution of transaction documents in Bengaluru.

Veritas Legal, Advocates and Solicitors advised and represented Partners Group in connection with its proposed acquisition of a substantial majority stake in Infinity Fincorp Solutions Private Limited.

The deal involves a primary investment in Infinity as well as a secondary acquisition from existing shareholders including Indium IV (Mauritius) Holdings Limited.

The Veritas Legal team included Partner Natasha Sethna, Principal Associate Swapnil Phadnis and Associate Kashish Gupta who worked on the transaction.

Shardul Amarchand Managaldas represented existing shareholder Jungle Ventures and JSA advised the M Pallonji Group, also an existing shareholder.