Deal reporting of Samara Capital Partners Fund II and Samara Alternate Investment Fund for Acquisition of Spoton Logistics Private Limited (the “Company”) by providing exit to private equity fund Indian Equity Partners, Economic Laws Practice was involved in the Deal.
Here’s the Deal Reporting:
| Is the matter/deal confidential? | Yes | ||
| Practice Group | Private Equity | Nature of Matter/Deal | Acquisition of a company engaged in road express business |
| Client Name | Samara Capital Partners Fund II and Samara Alternate Investment Fund | Sector/Industry Relevance | Road Express Business |
| Team members involved in the Matter/Deal | Darshan Upadhyay (Partner), Amruta Kelker (Associate Partner) and Sreshtha Goyal (Associate) | ||
| Summary/Description of the Matter/Deal | Acquisition of Spoton Logistics Private Limited (the “Company”) by providing exit to private equity fund Indian Equity Partners | ||
| Description of our role/scope of work in the Matter/Deal | Acted as a deal counsel on behalf of the investor/ purchaser | ||
| Description of any interesting aspects of the Matter/Deal | Acquisition of 100% shareholding from India Equity Partners and the management | ||
| List of other parties involved in the Matter/Deal and their roles | India Equity Partners was the seller along with some minority interest from the management team | ||
| List of other advisors involved, who they advised and the jurisdiction they advised in the Matter/Deal | AZB acted for the Sellers | ||
| Date of closing | August 28, 2018 | Current status and expected date of closing | NA |
| Deal Value in Million/ Billion (if applicable) | INR 5500,000,000 (Rupees Five Thousand and Five Hundred Million) | Is this information confidential? (applicable only if the answer to section2 is No) | No |
| Stake (%) (if applicable) | 100% | Is this information confidential? (applicable only if the answer to section2 is No) | No |
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