Our People

Some of the key assignments in these areas handled and being handled by Prakriti amongst others, cover the following:-

• Advised Akay Group, a leading oleoresin and food colour manufacturing company and its promoters in sale of 100% stake to Oterra group (an EQT portfolio company). The deal also involved exit of Asian Development Bank (ADB) from the company.
• Advised 3 private equity investors (Affirma Capital, Queensland Investment Group, India Equity Partners) in sale of their stake in Ocean Sparkle Limited. The transaction is part of a 100% exit by all investors and the promoters from Ocean Sparkle by way of sale of shares to The Adani Harbour Services Limited, part of the Adani Group.
• Advised Grupo Bimbo in the 100% acquisition of:
  • Modern Food Enterprises Private Limited from Everfoods Asia (Everstone Group).
  • acquisition of Kitty Industries Private Limited from its promoters.
  • Harvest Gold group of companies.
• Advised Precisely Software Incorporated and its India subsidiary – Precisely Software and Data India Private Limited in their acquisition of 100% of the share capital of Transerve Technologies Private Limited.
• Advised Altruista Health Holdings LLC: in relation to the India law aspects of the sale of Altruista Health Inc. to HealthEdge Software, Inc.
• Advised Hidden Harbor Capital Partners: on the proposed acquisition of Dayco, LLC along with its Indian subsidiary – Dayco Power Transmission Private Limited.
• Advised Naspers Group: (i) sale of 49.99% shares of Tek Travels to Standard Chartered Financial Holdings; (ii) in its Series D funding of Meesho.
• Advised the State Bank of India on its private equity investment in:
  • DarwinBox Digital Solutions Private Limited (DarwinBox) as part of an extension to its Series D fund raise; and
  • Turtle Shell Technologies Private Limited (“Dozee“) as part of its Series A2 funding round.
• Advised Promoters of MargERP Limited: in their investment in API Holdings Private Limited. The promoters of MargERP participated in the pre-IPO funding round of API Holdings Private Limited.
• Advised and assisted Tiger Global and Ribbit Capital in the sale of a portion of their existing shareholding in Etechaces Marketing and Consulting Private Limited (“Etechaces”) held by them to Softbank group, Tencent and Steadview Capital.
• Advised Affirma Capital entities August Investments Zero Pte Ltd. (Augusta) and Marina West (Singapore) Pte. Ltd. (Marina) in connection with their exit from Powerica Limited.
• Advised Hain Celestial Group (Hain Group) in the Indian leg of the transaction which involved global sale of the Tilda rice business by the Hain Group to Ebro Foods S.A.
• Advised Qoo10 in its acquisition of Shopclues involving merger of the holding company of Shopclues.
• Advised Danfoss A/S and its Indian subsidiaries in relation to its acquisition of the hydraulics business from Eaton Corporation PLC and its Indian subsidiaries.
• Advised Tulip Group (a PKI group entity) in acquisition of shares of Biosense Technologies Private Limited. Tulip is one of the country’s largest domestic providers of in-vitro diagnostic reagents, kits and instruments. Biosense offers novel and affordable point-of-care diagnostic solutions for screening, diagnosis and management of chronic diseases in India.
• Advised Avendus Future Leaders Fund I and II in their secondary investment into: (i) Busybees Logistics Solutions Private Limited (XpressBees) from Elevation Capital; and (ii) Indegene Limited from Carlyle and BCP entities.
• Advised Oman India Joint Investment Fund in the acquisition of shares of:
  • PnB Metlife India Insurance Company Limited from The J&K Bank Limited;
  • in its primary investment in Senco Gold Limited – a pan India, omni channel, jewellery retailer;
  • in its primary investment in Shopkirana.
• Advised Sabre Partners in their investment in:
  • Aviom India Housing Finance Private Limited – a housing finance company;
  • Wellspring Healthcare Private Limited – a personalized healthcare services venture.
• Advised and assisted The Rohatyn Group (India Clean Energy) in sale of shares held by it in Bhilwara Energy Limited to HEG LTD.
• Advised and assisted Mastercard International Inc. (Mastercard) in connection with the Indian leg of 100% share acquisition of Trans-Fast Remittance Inc.
• Advised Sistema Asia Fund Pte. Ltd., a Singapore based venture capital fund which invests in high-tech companies in India and Southeast Asia, in connection with its investment in Series C5 round of funding in Faaso’s Food Services Private Limited.
• Advised Snapdeal in connection with:
  • in the sale of a significant minority stake to SoftBank in its wholly owned subsidiary UniCommerce eSolutions
  • sale of 100% shares of its subsidiaries Freecharge Technologies Private Limited and Accelyst Solutions Private Limited, to Axis Bank Limited.
  • sale of its minority stake in Macro Commerce Private Limited to the joint venture partner DEN Networks Limited, a publicly listed cable and broadband operator.
• Advised Bimbo Holanda (subsidiary of Grupo Bimbo) in connection with its acquisition of 65% share capital of Ready Roti India Pvt. Ltd (entity of Harvest Gold group).
• Advised Annik Technology Services Private Limited in relation to the purchase of shares of Annik by LiquidHub, Inc. (a portfolio entity of ChrysCap) from the shareholders of Annik.
• Advised Lonza Group AG in relation to India leg of its acquisition of Capsugel S.A. from KKR for USD 5.5 billion, in cash, including refinancing of existing Capsugel debt of approximately USD 2 billion.
• Advised Hain Celestial Group in relation to its joint venture with Future Consumer Limited, a listed company in India.
• Advised Au Financiers in its sale of upto 100% stake sale in its wholly owned subsidiary (Au Housing Finance Limited) engaged in housing finance business, to Kedaara Capital and Partners Group.
• Advised Sohan Lal Commodity Management Private Limited, its promoter Sandeep Sabharwal and Creation Investments Social Ventures Fund III in relation to the part sale of securities by some of the existing Shareholders to Responsability Participations Mauritius and Agrif Cooperatief UA.
• Advised India Alternatives Private Equity Fund in connection with its investment in compulsorily convertible preference shares of Seclore Technology Private Limited.
• Advised BLP Energy Private Limited (Bharat Light and Power Group) in its fund raising exercise from Enel Green Power, Italian multinational renewable energy company. The deal size was approximately Rs. 2.5 billion.
• Advised Bharat Light and Power in its joint venture arrangement with Statkraft Markets B.V., which is a Norwegian state owned electricity group which is a leading company in hydropower internationally.
• Advised SohanLal Commodity Management Private Limited in its Series D round of Private Equity funding by two private equity/ venture capital funds, Creation Investments and Everstone Capital Partners II LLC.
• Advised Nexus Ventures in its private equity funding in SSN Logistics Private Limited (Delhivery), a company engaged in warehousing and last mile logistics services. Other private equity investors in the target company are Internet Fund III Pte Ltd. (Tiger Global), Times Internet Limited and Multiples Private Equity Fund.
• Advised the shareholders of Lilac Medicare Private Limited (Lilac) in their 100% sale of the shareholding of Lilac to Tosoh Corporation (Japan) and Tosoh Asia Pte. Ltd. (Singapore).