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Platinum Partners

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No. of offices
  
3

Founded
  
1 May 2008

Headquarters
  
New Delhi, Mumbai

Date founded
  
May 1, 2008

Number of offices
  
3

Major practice areas
  
Mergers & Acquisitions, Private Equity & Venture Capital, Projects & Infrastructure, Securities Law including Delistings, Competition/Anti-Trust, Employment Laws

Key people
  
Nihar Mody (Mumbai), Karam Daulet-Singh (New Delhi), Ankit Majmudar (Mumbai & Bangalore) and Yashasvi Mohanram (Bangalore)

Feds charge platinum partners in fraud scheme


Platinum Partners is an Indian corporate law firm founded on 1 May 2008 by Nihar Mody and Karam Daulet-Singh. It has offices in Mumbai, New Delhi and Bangalore It currently has around 45 lawyers who are based across the three offices.

Contents

Notable Deals

In 2016, Platinum Partners advised Hewlett Packard Enterprise Company on its proposed sale of a majority stake in the equity share capital of Mphasis Limited, an Indian listed company, to the Blackstone Group.

In the largest inbound acquisition in India in 2013, Platinum Partners Mumbai lawyers Nihar Mody and Yash Mohanram advised British drinks giant Diageo on its acquisition of Vijay Mallya-promoted United Spirits Limited (USL). Diageo, which owns brands like Johnnie Walker, Smirnoff and Guinness, initially purchased a 25% stake of USL for $870 million (Rs. 5,236 crore) The world's largest distiller now has a majority stake of 54.8% in its second attempt after a $1.9 billion (11,500 crore) open offer.

Novartis AG was advised by Platinum Partners in connection with the Indian legal and regulatory aspects of its acquisitions and sale of businesses, namely, the sale by Novartis of its vaccines business to GlaxoSmithKline plc, the sale by GlaxoSmithKline plc of its oncology business to Novartis and the creation of a joint venture between GSK and Novartis for the consumer health business.

Platinum Partners advised Danone in connection with its acquisition of the nutrition business of Wockhardt Group, an Indian pharmaceutical major, for a reported consideration of about €250 million.

Private equity investor Blackstone was advised by Platinum Partners in connection with acquisition of a part of the business processing outsourcing business of Serco Group plc, a UK listed company.

In 2009, Platinum Partners advised South Africa's MTN in the abandoned merger with Bharti Airtel. The proposed merger between the two telecom giants, which did not go through, would have been India's largest cross-border deal valued at around $23 billion (Rs. 110,000 crore).

Areas of Practice

The firm specializes in Mergers & Acquisitions, Private Equity & Venture Capital, Projects & Infrastructure, Securities Law including Delistings, Competition/Anti-Trust, Employment Laws and advises many large international and domestic clients.

Private Equity/M&A/Joint Ventures

Acted for and advised:

  • AIF Capital in connection with sale of their stake in Famy Care Limited to Mylan.
  • Actis in its majority stake acquisition in Symbiotec Pharmalab for $48 million.
  • Actis in relation to the sale of shares in Phoenix Lamps Limited to Suprajit Engineering Limited.
  • UK oil and gas company BG Group on its $470 million (Rs. 2460 crore) sale of state-owned Gujarat Gas Company.
  • Blackstone in connection with acquisition of a part of the BPO business of Serco Group plc, a UK listed company
  • CX Partners in the acquisition of a stake in Mrs. Bectors Food Specialities Limited.
  • Danone on its acquisition of the nutrition business of Wockhardt Group.
  • Represented Actis in its majority stake acquisition in Symbiotec Pharmalab for $48 million.
  • Diageo in its acquisition of a controlling stake in United Spirits Limited.
  • Nomura on its $64 million (Rs. 308 crore) acquisition of a 35% stake in Life Insurance Corporation of India.
  • Maa TV in connection with sale of their business to Star India Private Limited, a wholly owned subsidiary of 21st Century Fox.
  • Nasdaq-listed generic drugs-maker Mylan in its acquisition of Strides Arcolab Limited for $1.6 billion.[10]
  • The Pearson Group of its Indian joint venture partner's stake in their joint venture company engaged in the field of vocational training business.
  • Quantum Solutions India and its proprietor on the sale of its business to Parexel International
  • RHI AG in relation to acquisition of a 44% equity stake in Orient Refractories Limited.
  • The WPP Group in its acquisition of majority stakes in Indian companies engaged in the advertising, digital market and IT sectors.

    • Projects/Infrastructure

    Acted for and advised:

  • Transtroy Corporation in its highway construction project awarded by the National Highways Authority of India.
  • German-based Deutsche Telekom AG, in its investment in Devas Multimedia.

    • Securities

    Acted for and advised:

  • Solvay in its required open offer as part of its acquisition of Rhodia Specialty Chemicals India.
  • British Telecommunications plc in the sale its 30% stake in Tech Mahindra Limited.
  • Standard Greases and Specialities Pvt. Ltd. in connection with an open offer for acquisition of shares of Tide Water Oil Company (India) Limited.
  • United Spirits Limited, in the sale of its 3.2% stake in United Breweries Limited to Heineken.

    • The Firm

  • Band 2 in Corporate/M&A, Band 2 in Private Equity, and Band 4 in Projects, Infrastructure & Energy and Competition / Anti-trust by Chambers & Partners.
  • Band 2 in Corporate & Commercial and Band 2 in Projects by Chamber Practice.
  • Rank 14 in Q1 2015 M&A league tables by Mergermarket.
  • Rank 6 ($1,670m) in Legal Adviser by Value for 2013 by Legally India.
  • Ranked by IFLR in the M&A, Private Equity and Infrastructure practice areas.
  • Winner in 'Mergers & Acquisitions' in India Business Law Journal's 2014 Indian Law Firm awards.
  • Rank 11 in Top Indian Law Firms by RSG Consulting.
  • Awarded 'Deals of the Year' 2013 by India Businesses Law Journal for Diageo's acquisition in United Spirits and Mylan's acquisition of Agila.
  • 'Best Newcomer' in India Business Law Journal's 2009 Indian Law Firm Awards.

    • Individual Lawyers

  • Nihar Mody – Band 1 in Corporate/M&A and Band 1 in Private Equity by Chambers & Partners; 'Established Second Generation Lawyer' by RSG Consulting
  • Karam Daulet-Singh – Band 1 in Corporate/M&A and Band 4 in Projects by Chambers & Partners.
  • Ankit Majmudar - Band 1 in Corporate/ M&A and Band 1 in Private Equity by Chambers & Partners; 'Rising Stars' by RSG Consulting.
  • Anuj Bhatia – Band 4 in Corporate/M&A by Chambers & Partners.
  • Yashasvi Mohanram – 'Up and Coming' in Corporate/M&A by Chambers & Partners.
  • Gaurav Desai – 'Up and Coming' in Corporate/M&A by Chambers & Partners.
  • Gautam Bhat – 'Rising Stars' by RSG Consulting.

    • References

    Platinum Partners Wikipedia
    (Text) CC BY-SA


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