Khaitan & Co Advised Multiples Private Equity Fund in relation to acquisition of control and stake of ~32% in VIP Industries Ltd (Target Company) for an aggregate consideration of INR 1763 crores by Multiples Consortium. The Acquirer would be acquiring shares and control of the Target Company through (a) secondary acquisitions; (b) shareholder’s arrangement; and (c) mandatory tender offer.
The core team consisted of Partner Shishir Jose Vayttaden, Partner Abhishek Dadoo, Partner K Aishwarya, Counsel Shashank Patil, Senior Associate Vritika Lakhwani and Associate Gitika Lahiri, with assistance from Anisha Chand and Soham Banerjee (Merger Control), Amruta Joshi (Real Estate), Srishti Ramkrishnan (Employment Law), and Nirupam Lodha (Intellectual Property).
AZB & Partners represented the promoters of VIP Industries Limited for the sale of a controlling stak to Multiples PE and their consortium members. The transaction marks a significant private equity investment and strategic realignment for the listed company.
The transaction team comprised of Senior Partner Anand Shah, Partner Kinshuk Jhunjhunwala, Partner Shriran Shah, Senior Associate Aayush Raman, Associates Jhanvi Sangani, Kareena Sobti and Articled Clerk Karan Nair.
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