L&L, FF help Carlyle get $235m, 25% stake in Bharti data centres (rep’d entirely in-house)

Carlyle will buy a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million, the U.S. private equity group said on Wednesday, as it taps into the rapid growth of digital services in India. The acquisition, by an affiliate of Carlyle, will give Airtel’s Nxtra Data Ltd an enterprise valuation of about $1.2 billion, the companies said in a statement. Airtel will hold the remaining 75% stake in Nxtra. — Reuters

L&L Partners advised Carlyle led by a team of senior partnerMohit Saraf and partnersSundeep Dudeja, Vaibhav Kakkar and Samarth Gupta and senior associateSahil Arora and associatesDebarpan Ghosh and Keshav Pareek.

Freshfields Bruckhaus Deringer acted for Carlyle.

Bharti Airtel handled the deal for the company entirely in-house led by Samir Chugh (GC) and a team including DGM Sumi Saikia.

2020-07-01

Deal value: $235m

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