Key Transactions
Representative Transactions – Private Equity And M&A
Daawat Foods Ltd Raabo Equity Management
Sale of Rabo’s stake in Daawat to Saudi Agricultural & Livestock Investment Company (SALIC)
Pan India Food Solutions (Everstone F&B Platform)
Sale of business (CBTL Master Franchise and Gelato Italiano) to Haldiram Bhujiawala
Massive Restaurants & Everstone Capital
Private equity fund raise from Gaja Capital INR 1,600 Mn
Travel News Services (India) Private Limited
Sale of 100% equity stake to Future Retail Limited INR 1,000 Mn
Reliance Retail Limited
Sale of dairy business of Reliance Retail Limited
Jain Irrigation Systems & Jain Farm Fresh Foods
Private equity fund raise from Mandala Capital
INR 8,046 Mn
Travel Food Services Private Limited
Sale of substantial minority in Travel Food Services Private Limited to SSP
INR 5,500 Mn
UPL (United Phosphorus)
Acquisition of Ceraxagri, France
USD 140 mn
Dr Willmar Schwabe India
Exclusive advisor for acquisition of 100% stake in Sanat Products Ltd
INR 1.2 Bn
Fortis Malar Hospital Ltd
Advisor for demerger of diagnostics business (SRL)
Kiran Energy
Sale of 85 MW portfolio
INR 8,500 Mn
Galata Chemicals
Galata Chemicals GMBH acquired 3B Luxemboug, a group company of UltraTech Nathdwara Cement for Eur 160 Mn
USD 2 billion Chemical Group (Undisclosed)
Family Settlement
340 MW Utility Scale Solar Power Portfolio
Exclusive Sell-side Advisor
ID FINANCE
India Entry Strategy
Digital Insurance
Sale of InsureTech company to India’s leading Digital Insurance Distributor
Representative Transactions – Structured Debt
Telecom Managed Service Provider ₹ 700 crores
Immediate funding requirement for bagging Govt. based time bound project orders, leading to upfront NFB and capex funding.
Debt placement with leading financial institutions for project execution with security optimization.
2023
Mining & Manufacturing
Group has legacy issues over the last decade, funds requirement at international entity level
Structured the transaction and raised debt at Indian OPCO from the leading AIF and private bank
2023
Hospitality ₹ 60 crores
Asset heavy business with debt repayment difficulties leading to tight cash flows and DSCR.
Additional fund raise at last mile project completion and operational efficiency.
2023
Chemical Manufacturer ₹ 200 crores
High cost debt leading to operational inefficiencies & impacting profitability.
Significant cost reduction for the company by way of interest rate appropriation leading to saving
2022
Logistics Player ₹ 110 crores
Asset heavy business, funds requirement for construction & business expansion
Arranged funds from leading private institutes for project financing at competitive pricing.
2022
Education Sector ₹ 110 crores
Existing high-cost debt with complex security structure. Cash flow mismatch along with additional funds requirement for capex.
Curated solution matching business’ cash-flow profile & optimum security structure.
2022
Logistics (3PL, Cold Chain, Transport) ₹ 300 crores
Promoter level debt at high-cost used for shareholding consolidation , leading to various cash flows and regulatory issues.
Consolidated debt at operating company’s level and elongated the facilities.
2020
Chemical Manufacturer ₹ 150 crores
Cash flow mismatch led by delay in stabilization of operational performance of newly launched capital intensive products.
Debt raised at competitive pricing from the private debt investor
2022
Logistics Player ₹ 125 crores
Asset heavy business with debt maturities skewed towards short term repayments leading to tight cash flows and DSCR.
Raising general corporate loan for prepayment of significant part of excess maturities over the next 2 Yrs.
2022
Retail Industry (Travel Retail) ₹ 180 crores
Retail store outlets at airports, operations severely impacted during covid lockdown.
Debt restructured by elongating the term debt tenure and conversion of unsustainable working capital into WCTL.
2021
Silico Manganese Production Industry ₹ 85 crores
Massive expansion leading to debt accumulation, repayments shrinking net-working capital.
Debt restructuring of Rs. 300 crores by partial conversion of cash credit to WCTL, deferment of term loan and ballooning repayment structure
2021
Logistics Player ₹ 125 crores
Adverse market scenario leading to lower gross margins and further significantly impacted due to covid.
Debt restructuring by carved out of unsustainable working capital into WCTL, elongation of existing term debt with cost optimization.