India - McDermott Will & Emery

India

Overview


India has become a global hub for transactional activity and innovation, making it a vital business center for stakeholders around the world. To help you navigate the India market landscape to achieve your business goals, we draw on our long history of delivering strategic solutions to Indian companies and high-net-worth individuals, along with international companies, private equity firms and financial institutions doing business in India.

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Results


  • Advised Comvest Partners, a private equity firm, in its acquisition of Leixir Dental Group, one of the largest providers of dental prosthetics and lab equipment with facilities in India, with more than half of its employee based in India. McDermott handled the structuring, negotiation and documentation of a senior secured credit facility, consisting of a term loan, delayed draw term facility and revolving credit facility, with NXT Capital, LLC, as agent for the lenders. Our multi-disciplinary, cross-border team worked on this complex deal, with assistance from our co-counsel at J. Sagar Associates, which involved aspects covering healthcare regulatory, employment, intellectual property and tax advice, among other areas.
  • Advised ICICI Bank in respect of a debt default by GVK Group (which operates a number of businesses in India) and in relation to the restructuring of Vedanta Group financings. Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries.
  • Advised Renew Power and Sumant Sinha in relation to its merger with RMG SPAC II. This is the largest renewable energy India-related SPAC merger.
  • Advised the British Asian Trust in relation to the design and structuring of the first-of-its-kind impact bond for improving the skills of young Indians and addressing the youth employment crisis, specifically for young women. Sharing the vision of an “employment ready” young India, the British Asian Trust, together with National Skill Development Corporation and other leading partners in the sector, have launched a skills impact bond, which aims to invest $14.4 million to support approximately 50,000 of India’s youth, especially women and girls, with skills that translate into sustainable employment. This initiative aims to equip youth with skills and vocational training and provide access to wage employment in COVID-19 recovery sectors including retail, apparel, healthcare and logistics.

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People


A diverse, global network of industry-leading talent committed to you and your vision.