Trilegal advised Bain Capital on USD 100 million co-living platform with Sattva Group, managed by Colive
The leading law firm in India, Trilegal advised Bain Capital on the establishment of a co-living platform with Sattva Group to acquire land parcels and develop purpose-built assets for co-living accommodation across India, which will be operated and managed by Colife Advisory Private Limited (Colive) under the ‘Colive’ brand.
As part of this partnership, Bain Capital also spearheaded Colive’s strategic fundraise of USD 20 million, backed by the Sattva Group, an existing investor in Colive.
The platform, among the first of its kind in the co-living accommodation sector, aims to provide a new-age alternative to traditional residential accommodation, particularly in large urban centres. Initial land acquisitions have already been completed in Pune and Bengaluru, with nearly 0.5 million sq. ft. of co-living spaces under development.
The Trilegal Corporate team was led by Shivani Kabra (Partner), supported by Pooja Natarajan (Counsel), and Ashootosh Kothari (Associate), Saurav Thampan (Associate), Vaishnavi Venkatesan (Associate), and Amol Gupta (Associate).
The Trilegal Real Estate team was led by Mridul Kumbalath (Partner) and Sadaf Shaikh (Partner), with support from Arnav Nagalia (Counsel), Dilnaz Bapasola (Counsel), Roshni Bansal (Senior Associate), Mahathi U (Associate), and Shashank D Bharadwaj (Associate)
The Trilegal Intellectual Property team was led by Kirti Balasubramanian (Partner), with support from Paarth Samdani (Associate) and Rimjhim Mishra (Associate).
The Trilegal Technology, Media and Telecommunications team was led by Jyotsna Jayaram (Partner), supported by Sindhu A (Senior Associate), and Pranay Jalan (Associate), Padmavathi Prasad (Associate), and Karthik Rai (Associate).
The Trilegal Employment team was led by Apeksha Mattoo (Partner), supported by Rina Goyal (Counsel) and Maitreya Sharma (Associate).
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