Mithun V. Thanks

Practice Areas

Mergers and Acquisitions, Private Equity and General Corporate

Career

Mithun has worked on several marquee transactions and has substantial experience, across sectors, in advising high profile clients on foreign investment laws and their joint ventures, strategic acquisitions, India entry and exit strategies, integration work streams, pre-litigation/ arbitration strategic advisory, general corporate advisory etc.

Mithun is very well regarded by his clients, many of whom have worked with him over several years now. He is recognised as “consistently providing clear, commercially practical advice, in a very prompt and responsive matter- no matter the time of day” and as someone who “makes a special effort to get to know his clients and understand their business in-depth, which helps him provide strategic inputs as well.” His referees also credit him as a seasoned practitioner who “has a deep knowledge of the law, holds a very precise pen on documentation and has worked closely with our teams to provide business oriented solutions to complex problems. He is intelligent, friendly, accessible and fun to work with!”

As part of his university support initiatives, Mithun provides career guidance and mentorship sessions to students at multiple law schools and he is also a co-opted member of the Academic Council of the Maharashtra National Law University (MNLU), Mumbai and the KIIT School of Law, Bhubaneswar.

Professional Memberships

Bar Council of Maharashtra & Goa; Solicitor of the Senior Courts of England & Wales

Work Highlights

• Partners Group AG in their acquisition of a controlling stake in the Sunsure Group, a leading operator in the commercial and industrial renewables and decarbonization solutions sector, for an aggregate consideration of US$ 400 million.

• A client consortium of HHLR Management Pte. Ltd and Alta Capital Management LLP, in their structured acquisition of two warehousing assets operating in the NCR from Morgan Stanley Real Estate Fund.

• Goldman Sachs on its minority investment in Biocon Biologics Limited, a subsidiary of Biocon Limited, one of India’s largest manufacturers of biosimilars and other pharmaceutical products, for an aggregate consideration of US$ 150 million.

• Blackstone Group in connection with contribution of its investments in several portfolio companies to India’s second ever publicly listed real estate investment trust (REIT) in India i.e., Mindspace Business Parks REIT.

• McCormick Group in its sale of 26% shares of Eastern Condiments Private Limited along with 41.8% shares held by the promoters of Eastern Condiments to the Orkla Group who acquired the stake through its wholly owned Indian subsidiary, MTR Foods Private Limited, in a deal with an aggregate value of US$ 275 million.

• Citi Ventures as Indian legal counsel for the series D investment by Citi Ventures (and other investors) in Hiveloop Technology Private Limited (i.e., owner and operator of the Udaan B2B e-commerce platform, an Indian start-up that was the fastest to achieve the coveted unicorn status) as part of the largest capital infusion in an online B2B e-commerce platform in India.

• Goldman Sachs in its acquisition of the majority stake in the Student Housing Business of the Manipal Group, the first private equity investment in the organised student housing space, in India and on the subsequent acquisition by Warburg Pincus and its affiliates of the stake held in Goodhost by Housing Development Finance Corporation Limited.

• UPS Inc. and its affiliates in connection with acquisition, from the Jet Airways Group, of: (a) 40% of share capital of UPS Jetair Express Private Limited; and (b) 100% share capital of Transmodal Services Private Limited.

• British American Tobacco plc. in connection with multiple aspects of their decades long joint ventures in India with tobacco major ITC Limited and VST industries Limited.

Experience

1. Luthra & Luthra Law Offices, Mumbai;

2. Herbert Smith LLP, London; and

3. J Sagar Associates, Mumbai.

Languages Spoken

English, Hindi and Malayalam

Education

Awards