Firm / Organisation

Platinum Partners

Current View:
Also ranked in:

This content is provided by Platinum Partners.

Managing Partner: Karam Daulet-Singh
Number of Partners: 5 in Delhi, 1 in Bangalore, 5 in Mumbai
Languages: English

Firm Overview:
Based in India, with offices in New Delhi, Mumbai 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 provides advice on a broad spectrum of M&A issues, including public and private mergers and acquisitions (stock purchases, takeovers, asset transfers and court sanctioned schemes), and joint ventures. The firm has also assisted clients on general corporate matters and advised multinational clients on optimal structuring options and entry strategies.
Key transactions include advising:
■ British Petroleum in relation to its joint venture with Reliance Industries Limited in the field of petroleum retail marketing activities in India
■ A leading sovereign wealth fund and TPG in its investment of USD 1.2 billion for a 22% combined shareholding in UPL Corporation Limited, a subsidiary of agrochemical solutions provider UPL Limited, a listed company in India
■ Kama Ayurveda on its acquisition of 49% of shares by Puig International SA
■ Sailing Capital on an acquisition of a minority stake in ANI Technologies Private Limited
■ Tencent in an acquisition of a stake in a Hong Kongbased company called Hacker Interstellar which owns and operates the online news and entertainment content aggregator NewsDog in India
■ Tencent on its acquisition of a stake in Etechaces Marketing and Consulting Private Limited, a company primarily engaged in the business of operating the insurance aggregation platform PolicyBazaar.com, and financial products aggregation platform PaisaBazaar.com
■ Wellington in its Series D investment in Zinka Logistics Solutions Private Limited, which operates business-tobusiness (B2B) technology-enabled logistics startup BlackBuck. BlackBuck is expected to achieve unicorn status by the end of the latest funding exercise
■ WPP on its acquisitions of majority stakes in several Indian companies in the advertising and communications sectors
■ Investment of approx. USD 125 million by Blackstone in Sona India; sale of the entire stake held by JM Financial in Sona India to Blackstone
■ USL on its equity investment in Hip Bar Private Limited, a payment technology startup that operates the Hip Bar Mobile Wallet and Delivery App
■ Spin off of the Alcon eye care business from Novartis
■ A leading sovereign wealth fund in relation to an investment in Kotak Special Situations Fund, an alternative investment fund set up by Kotak Investment Advisors Limited, a subsidiary of Kotak Mahindra Bank Limited
Key Clients: BP, a leading sovereign wealth fund, Kama Ayurveda, Sailing Capital, WPP Group, Tencent, Sona India, Wellington, Diageo
Contact: Karam Daulet-Singh (New Delhi), Ankit Majmudar (Mumbai), Yashasvi Mohanram (Bangalore)

Anti-Trust & Competition:
Platinum Partners has been involved in advising several multinational and domestic clients on various aspects of the antitrust regime in India.
Key matters include:
■ Advising a leading sovereign wealth fund in relation to its acquisition of a stake in Mumbai International Airport Limited
■ Advising and obtaining merger control clearance for HDFC Limited’s acquisition of a stake in Apollo Munich Health Insurance Company and the subsequent merger of Apollo Munich into HDFC Ergo
■ 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 approval for BASF SE’s for its acquisition of certain divestment businesses and assets from Bayer AG, in the context of the CCI’s conditional approval to Monsanto’s merger with Bayer AG
■ Advising and obtaining merger control clearance for Tencent in relation to its investments in Flipkart Limited, a leading e-commerce company in India and in Ola cabs, a leading cab hailing platform in India
■ Advising and obtaining merger control clearance for Anheuser-Busch InBev SA/NV’s acquisition of SABMiller
■ Advising Boehringer Ingelheim on merger control implications in relation to its business swap with Sanofi S.A.
■ Advising a leniency applicant in relation to a cartel investigation in the railways sector
■ Advising a leniency applicant in relation to a cartel investigation in the automotive sector
■ Advising a leniency applicant in relation to a cartel investigation in the alcoholic beverages sector
■ Advising Whirlpool of India Limited in relation to antitrust compliance with respect to their joint venture with Elica S.p.A
■ 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: A leading auto MNC, Tencent, Siemens, BASF, HDFC, a leading sovereign wealth fund, Anheuser-Busch In Bev, Lanxess
Contact: Vinod Dhall, Gaurav Desai

Infrastructure:
The firm has advised clients on several transactions in the infrastructure space, including airports, ports, highways, renewable energy, telecommunication and data services. The firm has assisted clients in connection with a wide range of matters including advising on the regulatory framework, bidding and award of projects, and financing of projects..
Key transactions include advising:
■ Roadis Transportation Holdings S.L.U, a wholly owned subsidiary of Public Sector Pension Investment Board in relation to a joint venture to set up a platform for undertaking road projects in India with the National Investment and Infrastructure Fund (India)
■ A leading sovereign wealth fund and a Japanese consortium consisting of Mitsubishi Corporation, East Nippon Expressway Company and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development in relation to the subscription of new shares as well as purchase of shares from existing shareholders of Cube Highway & Infrastructure Pte Ltd
Key Clients: Roadis, a leading sovereign wealth fund and Mitsubishi
Contact: Karam Daulet-Singh

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

Shareholders' Rights & Shareholder Activism 2019 Law and Practice in India

Karam Daulet-Singh, Uday Walia, Yashasvi Mohanram

Read now