JSA advised and assisted Avendus Future Leaders Fund I and II in their secondary investment into Busybees Logistics Solutions Private Limited (“XpressBees“). Avendus has acquired the stake in Xpressbees by way of purchasing securities from existing investor Elevation Capital.
Avendus Future Leaders Fund I and II (‘the Fund’) are focused on investing in ‘best of breed’ market leaders/emerging leaders with the objective of mid-long term value creation. The Fund leverages the strengths of the Avendus ecosystem – its network, relationships and industry insights and invests minority stakes in late stage companies. Core sectors of focus for the Fund are digital technologies, consumption and financial services.
Xpressbees is India’s Fastest Growing B2B, B2C, Cross Border, 3PL Logistic Service Provider and has received investments from several marquee private equity investors.
Deal value: INR 195 Cr. approx
JSA Transaction team comprised Lead Partner – Sidharrth Shankar, Partner – Prakriti Jaiswal, Senior Associate – Yashaswee Sarkhel and Associate – Akshita Pandey, and Sindhujaa Nayak, and Assistant Company Secretary – Sourabh Jain.
JSA Competition Law Team comprised Partner & Head of Practice Competition Law – Vaibhav Choukse, Senior Associate – Nripi Jolly.
Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.
Sidharrth specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity. He has been representing multi-national companies in cross-border transactions, advising on foreign direct investments, outbound investments, joint ventures, technology transfers, retail & franchising and commercial contract issues.
Vaibhav is a Partner with Firm’s Competition Law Practice with over 15 years’ experience.