Deal Updates: ELP advises on Acquisition of Spoton Logistics Private Limited

Legal DesireDeals, Law Firm & In-house Updates7 years ago597 ViewsShort URL

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 section*2 is No)	No
Stake (%) (if applicable)	100%	Is this information confidential? *(applicable only if the answer to section*2 is No)	No