Khaitan & Co advised Multiples Private Equity Fund on acquisition of 32% stake in VIP Industries
Khaitan & Co advised Multiples Private Equity Fund on the acquisition of control and a ~32% stake in VIP Industries Limited (“Target Company”) for an aggregate consideration of approximately INR 1,763 crore by the Multiples Consortium. The acquisition structure includes:
- (a) Secondary acquisitions
- (b) Shareholders’ arrangement
- (c) Mandatory tender offer
The khaitan & co core team comprised Shishir Jose Vayttaden (Partner), Abhishek Dadoo (Partner), Aishwarya K (Partner), Shashank Patil (Counsel), Vritika Lakhwani (Senior Associate), and Gitika Lahiri (Associate).
Merger control aspects were handled by Anisha Chand (Partner), Soham Banerjee (Counsel), Yatharth V Singh (Senior Associate), and Shubhanshu Jain (Associate).
Open offer and securities law advice was provided by Shashank Patil (Counsel), Gaurang Mansinghka (Senior Associate), and Vritika Lakhwani (Senior Associate). Real estate matters were managed by Amruta Joshi (Counsel), Nupur Antrolikar (Associate), and Reet Shailesh Namjoshi (Associate).
Employment law support was provided by Srishti Ramkrishnan (Counsel), Simran Sharma (Senior Associate), and Ajay Kranthi Kothwal (Associate). Diligence aspects were covered by Shishir Jose Vayttaden (Partner), Aishwarya K (Partner), Jayantika Khanna (Principal Associate), Gitika Lahiri (Associate), Modit Mendiratta (Associate), and Aathira Satish (Consultant). Intellectual property matters were handled by Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Gautam Wadhwa (Senior Associate), and Rebecca Cardoso (Associate).
Khaitan & Co advised the Multiples Consortium on due diligence, transaction structuring, drafting, negotiation, and finalisation of transaction documents, as well as on the mandatory tender offer.
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