| ELP Office Location | Mumbai | Is the matter/deal confidential? | No |
| Practice Group | Private Equity | Nature of Matter/Deal | Private Equity |
| Client Name | Edelweiss Crossover Opportunities Fund (“Edelweiss”) | Sector/Industry Relevance | Food Industry |
| Team members from ELP involved in the Matter/Deal | Darshan Upadhyay (Partner), Amit Manubarwala (Partner), Ananthram Ganesh (Senior Associate), Alysha Razvi (associate) and Karan Narvekar (Associate) from Economic Laws Practice – ELP | ||
| Summary/Description of the Matter/Deal | Edelweiss invested approximately INR 1.8 Billion in Sapphire Foods India Private Limited (“Company”) for a shareholding of approximately 10% | ||
| Description of our role/scope of work in the Matter/Deal | ELP conducted the legal due diligence on the Company and its subsidiaries and thereafter negotiated, reviewed and drafted the transaction documents | ||
| Description of any interesting aspects of the Matter/Deal | The Company along with its subsidiaries operates Pizza Hut, KFC and Taco Bell outlets in India, Maldives and Sri-Lanka. | ||
| List of other parties involved in the Matter/Deal and their roles | NA | ||
| List of other advisors involved, who they advised and the jurisdiction they advised in the Matter/Deal | Luthra and Luthra Law Offices were the legal advisors to the Company | ||
| Date of closing | December 18, 2018 | Current status and expected date of closing | Closed |
| Deal Value in Million/ Billion (if applicable) | INR 2.25 Billion | Is this information confidential?
(applicable only if the answer to section 2 is No) |
No |
Deal Update: ELP advises on Edelweiss investment in Sapphire Foods
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