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

• Advised IBM Corporation and its subsidiaries in relation to the India leg of global separation of the Managed Infrastructure Services (MIS) business of IBM’s Global Technology Services segment into a new public company, Kyndryl Holdings LLC (2020-21) – Value of MIS Business in India: USD 600 million
• Advised Dell Technologies Inc. and its Indian subsidiaries in relation to the India leg of the global divestiture of Dell’s RSA security business to Symphony Technology Group Partners, LLC (and its participating investors – Ontario Teachers’ Pension Plan Board and AlpInvest Partners) (2019-20) – Deal Value: INR 2.81 billion
• Advised Ford Motor Company and its subsidiaries in relation to its proposed sale / transfer, to Tata Passenger Electric Mobility Limited, a Tata Motors Limited subsidiary, of Ford India’s Sanand vehicle manufacturing plant (2021-22) – Deal Value: 7.26 billion
• Advised Hero Future Energies and its promoter group entities in relation to its fund raises from IFC (2017-18) and Masdar (2019) – Deal Value: USD 125 million and USD 150 million
• Advised Hero Fincorp Limited and its promoter group entities in relation to investment in Hero FinCorp Limited by Apollo, JM Financial and certain promoter group entities of Hero Fincorp Limited (2021-22) – Deal Value: INR 20 billion
• Advised Ford Motor Company in relation to the proposed joint venture with Mahindra & Mahindra Limited (2018-2020) – Deal Value – INR 19.25 billion
• Advised Hero MotoCorp Limited in relation to its participation in Series B, Series C1, Series D, Series E and two bridge financing rounds in Ather Energy Private Limited, an electronic two wheeler Indian start-up (2016-17, 2018-19, 2020, 2022) – Aggregate Deal Value: INR 9.16 billion
• Advised Hero FinCorp Limited and its promoter group entities in relation to investment rounds undertaken by Hero FinCorp Limited with participation by ChrysCapital, Credit Suisse, Apis Partners and certain promoter group entities of Hero FinCorp Limited (2016 and 2019-20) – Deal Value: INR 10.02 billion and INR 10.75 billion
• Advised Napino Auto & Electronics Limited and its promoters in relation to its fund-raise from IFC (2023-24) – Deal Value: INR 3.50 million
• Advised a leading German multinational financial services company in connection with advice relating to shareholders’ agreements pertaining to their life and non-life insurance joint ventures in India (2020-21)
• Advised Spirotech Heat Exchangers Private Limited and its promoters in relation to sale of 95% shareholding by the promoters of Spirotech Heat Exchangers Private Limited to the Indian subsidiary of Lu-Ve S.p.A (2016)
• Advised the Accor Group in relation to sale of 40% shareholding in Barque Hotels Limited, an Indian company engaged in the business of owning hotels under the ‘Formule 1’ brand, to SAMHI Hotels Private Limited (2016-17)
• Advised Hero Cycles Limited in relation to its joint venture with Changzhou Youon Public Bicycle System Co. Ltd. for establishing public bicycle sharing systems in India, including structuring related advice concerning the joint venture (2017-18)
• Advised Napino Auto & Electronics Limited in relation to its joint ventures with Continental Automotive Holding Netherlands B.V. for electronic fuel injection systems (2016-17) and for two-wheeler instrument clusters (2017-18)
• Advised RICO Auto Industries Limited in relation to its proposed joint venture with Ultra Fairwood Pte Limited for implementation of driverless personal rapid transit system in India (2018)
• Advised Napino Auto & Electronics Limited in relation to its joint venture with Domino S.r.l., Italy to design and manufacture switches, gear shift lever and other handlebar accessories for two wheeler customers globally (2019-20)
• Advised Hero FinCorp Limited in relation to its potential acquisition of majority shareholding in a general insurance company in India, including advice on structuring of the transaction (2017)
• Advised the Jindal Group in relation to transfer of their participating interest in oil fields in Georgia to Schlumberger (2016-17)

Some key matters handled by Ronak in previous assignments include the following:

• Advised a Japanese corporation in relation to a proposed joint venture with a leading Indian corporate house (2013-14)
• Advised a Japanese corporation on the merger of its Indian listed pharmaceutical subsidiary with a leading Indian listed pharmaceutical company (2014-15) – Deal Value: USD 4 billion
• Advised a leading private equity investor on its investment in a jewellery company in India (2014) – Deal Value: USD 200 million
• Advised a leading Indian stock exchange in relation to its strategic acquisition of a substantial stake in a SEBI registered registrar and share transfer agent (2013-14) – Deal Value: INR 3.50 billion
• Advised a South Africa based e-commerce group in relation to its strategic acquisition of 100% stake in an Indian online bus ticketing company (2013) – Deal Value: USD 100 million
• Advised a leading private equity investor (on India leg) in relation to its exit from an off-highway tyre manufacturing company (2012-13) – Deal Value: USD 400 million
• Advised on a private equity backed strategic acquisition by a US based IT Company of a controlling stake in an Indian listed IT company (2010-11) – Deal Value: USD 1.2 billion
• Advised on sale of a controlling stake by the promoter group of an Indian listed paper manufacturing company to a US-based paper manufacturer (2011) – Deal Value: INR 15 billion
• Advised on a distressed sale of hotel business by promoter families to an existing hotel chain (2015) – Deal Value: INR 1 billion
• Advised one of the Big Four Accounting Firms in relation to a joint venture amongst its UK, Canadian and Indian entities (2012-13)
• Advised on the demerger of the cement division of a listed Indian company of a leading business group (2011-12)