M&A
Private Equity
India continues to be an attractive destination for investments by Private Equity funds (both global and domestic). Most international Private Equity funds have dedicated pools for investments in the Indian market. Competition in deals is increasing as a larger number of Private Equity funds are grabbing every opportunity. Private Equity (PE) funds are also developing pockets of strengths across multiple sectors and regions. Amongst others, sectors like Manufacturing, Pharma, Renewables, Real Estate, Infrastructure, Retail, IT/ITes, etc. have witnessed a lot of traction.
At Transaction Square
Our professionals assist PE funds through their entire transaction lifecycle – from transaction evaluation and structuring to investment options, repatriation strategies & exit grooming. At the transaction evaluation stage, we assist with
Due diligence support
Identify potential deal structures
the given structure of the PE fund and that of the target company, suggest tax and cash efficiencies in the structure, provide negotiation support on the price and valuation, risk and litigation perspective, indemnities, reps and warranties, etc.
Parallel to this, we also assist PE funds to identify alternate investment options such as FDI, FVCI, FPI routes, etc. recommend a choice of instruments based on the commercial terms with the target and identify regulatory hurdles if any (such as FDI restrictions, applicable competition laws, SEBI Takeover code, etc.).
We extend extensive support in review of definitive agreements such as share purchase agreement, share subscription agreement, shareholder agreement, terms of a non-compete, use of brands, related party arrangements, structuring escrow arrangements, identifying options for security package, etc. Our teams clearly gather the objectives of the PE from the transaction and efficiently plan the repatriation and exit strategies so as to maximize the returns to their investors. Once the transaction is signed/closed (as may be appropriate in each case), we assist the PE and target the end-to-end implementation of the entire deal structure.
