Firm / Organisation

Platinum Partners

Current View:
Also ranked in:

This content is provided by Platinum Partners.

Managing Partner: Karam Daulet-Singh
Number of Partners: 8
Number of Lawyers: 45
Languages: English

Firm Overview:
Based in India, with offices in Mumbai, New Delhi and Bangalore, Platinum Partners brings to its matters the right mix of international experience and standards along with local knowledge and expertise. The firm is particularly strong in its ability to manage transactions for its clients by implementing a hands-on partner driven approach. The firm is particular about the matters it gets involved in, with emphasis on being able to provide a high impact service rather than a run of the mill one.

Main Areas of Practice:

Corporate:
M&A/Joint Ventures:

Platinum Partners has acted for buyers, sellers, target companies and financial investors on M&A transactions, in most cases involving a cross-border element.
Key transactions include advising:
■ Tencent Holdings on its investment in Flipkart Limited
■ Tencent Holdings and Foxconn Technology Group on their investment in Hike Global Pte. Ltd.
■ Tencent Holdings Limited on its acquisition of a significant minority stake in ANI Technologies Private Limited
■ Tencent Holdings Limited on its investment of USD 100 million in Gamma Gaana Limited, a Times group entity, for a significant minority stake
■ Tencent Holdings Limited on its investment of USD 25 million in Think & Learn Private Limited (Think & Learn) for a minority stake
■ Merck on the sale of its global consumer health business to Procter & Gamble for approximately €3.4 billion (approximately USD 4.2 billion)
■ Diageo Group on its acquisition of a controlling interest in United Spirits Limited
■ Danone on its acquisition of the nutrition business of Wockhardt Group
■ Essar Group in relation to the proposed sale of its Aegis group BPO business to Capital Square Partners
■ Hewlett Packard Enterprise Company on sale of its majority stake in Mphasis Limited to the Blackstone Group
■ Novartis in the Indian legal and regulatory aspects of its acquisition and sale of certain healthcare businesses from/to GlaxoSmithKline
■ WPP on its acquisitions of majority stakes in several Indian companies in the advertising and communications sectors
Key Clients: Diageo, Danone, Hewlett-Packard, Pearson, WPP Group, Novartis, Tencent
Contact: Karam Daulet-Singh (New Delhi), Ankit Majmudar (Mumbai), Yashasvi Mohanram (Bangalore)

Private Equity & Venture Capital:
Platinum Partners has represented funds, investors, companies and management teams in connection with structuring, negotiating and financing private equity investments. Platinum Partners has also advised clients on formation of various private equity and other alternative investments funds.
Key transactions include advising:
■ Actis in connection with its private equity invest- ments in, and exits from, several target companies operating in varied sectors including sale of its stake in Nilgiris Group, Paras Pharmaceuticals and Sterling Addlife India
■ Blackstone on its acquisition of a part of the BPO business of Serco Group
■ CDC Group and CX Partners on their investment in Ujjivan, a micro finance company
■ ChrysCapital on part exit from its investment in Intas Pharmaceuticals Limited
■ Everstone Group on its acquisition of Hindustan Unilever’s bread and bakery business under the brand name ‘Modern’
■ Warburg Pincus in connection with the acquisition of a 100% stake in Accelya Holding which resulted in an indirect acquisition of 74.66% of Accelya Kale Solutions Limited, an Indian listed entity
Key Clients: Actis, 3i, Blackstone, Kedaara Capital, CDC, Chrys Capital
Contact: Ankit Majmudar, Gautam Bhat

Anti-Trust & Competition:
Platinum Partners has been involved in advising several multinational clients on various aspects of the merger control regime in India. Platinum Partners has also conducted investigations to address antitrust violations.
Key matters include:
■ Advising and obtaining merger control clearance for Tencent in relation to its acquisition of a minority stake in Flipkart Limited
■ Advising and obtaining merger control clearance for Tencent in relation to its acquisition of a minority stake in ANI Technologies Private Limited (Ola Cabs)
■ Drafting and filing the merger control notification for Siemens AG in relation to the strategic combination of Siemens AG’s mobility business and Alstom SA by way of a contribution of Siemens AG’s mobility business to Alstom SA in consideration for around 51% stake and control over Alstom
■ Advising and obtaining merger control clearance for Anheuser-Busch InBev SA/NV’s acquisition of SABMiller
■ Advising and obtaining merger control clearance for BG Group in relation to its acquisition by Royal Dutch Shell
■ Advising Boehringer Ingelheim on merger control implications in relation to its business swap with Sanofi S.A.
■ Advising and obtaining merger control clearance for LANXESS AG and Saudi Aramco in relation to its joint venture for the synthetic rubber business
■ Advising a leading automotive components company in connection with a cartel investigation in relation to the supply of certain auto components
■ Advising a leading pharmaceuticals company in connection with an investigation into certain anticompetitive practices by pharmaceutical manufacturers
■ Conducting an antitrust investigation on behalf of a global cement manufacturer on its Indian subsidiaries to ascertain the status of antitrust compliance and to recommend mitigating steps
Key Clients: Tencent, Siemens, Anheuser-Busch In Bev, Diageo, Lanxess
Contact: Karam Daulet-Singh, Gaurav Desai

Infrastructure:
The firm has been involved in finance and bids for infrastructure transaction and has acted for industry players and private equity funds.
Key transactions include advising:
■ Deutsche Telekom on its investment in a company intending to build a hybrid satellite-terrestrial network to deliver multimedia and data services
■ RusHydro on its joint venture in India with Maxiclean Energy in the area of hydro power/infrastructure consulting
■ Shapoorji Pallonji Ports Limited in relation to acquisition of shares in Gopalpur Ports Limited and its investment in Sterling and Wilson
Key Clients: US Exim Bank, Rushydro, Deutsche Telekom
Contact: Karam Daulet-Singh, Ankit Majmudar

Practice Areas:
Corporate Mergers & Acquisitions
Private Equity & Venture Capital
India Entry Strategies
Anti-Trust & Competition
Securities Laws & Delistings
Infrastructure
Banking & Finance
Employment
Investigations

Contributions

Total 1 contributions

Corporate M&A 2019 Law and Practice in India

Karam Daulet-Singh, Yashasvi Mohanram, Ankit Majmudar

Read now