J. Sagar Associates (“JSA”) advised Embassy Group and WeWork India Management Private Limited (“WeWork India”) in connection with the USD 100 million investment by WeWork International Limited, a subsidiary of The We Company (“WeWork Global”), in compulsorily convertible debentures issued by WeWork India.
The transaction documents were signed on June 15, 2020 and first closing, aggregating to USD 85 million, was completed on June 18, 2020. The remaining USD 15 million will be funded in three separate closings within the next twelve months.
JSA team comprised Joint Managing Partner – Vivek K. Chandy, Partner – KZ Kuriyan, Senior Associate – Vandana Venkatesh.
Vivek assumed office as the Joint Managing Partner of the Firm from January 2019. He has over 30 years of experience in areas of private equity, mergers and acquisitions, corporate commercial work and real estate advisory in India.