Economic Laws Practice advises for Investment in Future Group by L Catteron

Summary/Description of the Matter/Deal Approximately 10% investment by Spectacular Investments Pte Ltd. (a Registered Foreign Portfolio Investor) (“Spectacular”), by way of primary and secondary investment (secondary investment was done through sale of shares by few promoter entities and Premji Invest). Spectacular is owned by L Catterton Asia 3 Pte. Ltd. (“L Catterton Asia“). L Catterton Asia, the Asian unit of the largest and most global consumer-focused private equity firm in the world.
Description of our role/scope of work in the Matter/Deal Advised FLFL and sellers on the transaction, including drafting and negotiation of the transaction documents.
Description of any interesting aspects of the Matter/Deal The transaction is a combination of primary and secondary purchase (through block deal), involving issuance of equity shares to Spectacular, and sale of shares by a promoter entity and Premji Invest to Spectacular.
List of other parties involved in the Matter/Deal and their roles L Catterton Asia (investor), Premji Invest (one of the sellers involved in secondary sale)
List of other advisors involved, who they advised and the jurisdiction they advised in the Matter/Deal Lazard India (financial adviser to FLFL and its shareholders), Shardul Amarchand Mangaldas (legal adviser to Spectacular / L Catterton Asia), Cyril Amarchand Mangaldas (legal adviser to Premji Invest)

 

Detailed Deal Info:

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