Saraf And Partners Advised TR Capital In Leading The Acquisition Of Majority Stake In Special Purpose Vehicle From Samara Capital Fund 2.
LIVELAW NEWS NETWORK
23 Jan 2023 11:11 AM GMT
Saraf and Partners advised TR Capital in the acquisition of majority stake in a $150 million Special Purpose Vehicle which would hold investment in
Sahajanand Medical Technologies Limited (SMT), a leading global developer and manufacturer of cardiovascular devices,
FirstMeridian Business Services Limited (FM), which is market leader in staffing and HR solutions, and
Paradise Food Court Private Limited, which runs the Hyderabad-based biriyani chain restaurants.
The transaction involved sale of securities held by Samara Capital fund 2 to the Special Purpose Vehicle. This is one of the largest funds restructuring transactions in India over the past decade.
Saraf and Partners’ team was led by Partner, Vivek Pareek, ably assisted by Associates, Srikari Kancherla, Aanchal Khandelwal and Alex Koshy.
