Cyril Amarchand Mangaldas has advised TPG on its acquisition of 100 percent of the share capital of Aseem Infrastructure Finance, from National Investment and Infrastructure Fund II (NIIF II), Sumitomo Mitsui Banking Corporation and the Government of India. Linklaters acted as the international legal counsel to TPG on this deal. Trilegal guided Aseem Infrastructure Finance and Shardul Amarchand Mangaldas & Co acted for NIIF II on this transaction.
The transaction remains subject to closing conditions and regulatory approvals.
TPG, a global alternative asset management firm, has entered into definitive agreements to acquire a 100 percent stake in Aseem Infrastructure Finance, in partnership with co-investors GIC and ICICI Bank, with ICICI Bank set to hold up to 5 percent in the company.
The deal is being executed through TPG Rise Climate, the firm’s dedicated climate investing platform, under its Global South Initiative.
CAM’s transaction team was led by senior partner Iqbal Khan and partner Ashid Basheer, with assistance from principal associates Pranav Tolani and Subbalaxmi S, senior associate Shreya Mukherjee, and associates Gunjan Singh, Ishaan Kulshrestha, and Sanjana Reddy.
Senior partner L. Viswanathan provided strategic inputs.
Partners Pranav Sharma and Jian Johnson, with assistance from principal associate Sukriti Sarwan, senior associate Shobhit Dave, and associates Yusuf Kathawala, Eesha Tirodkar, Medha Puvvala, Kruttika Lokesh, Naomi Manoj, Prakhar Khandal, Aswath Srinivasan, and Ryan Joseph advised on regulatory and finance aspects.
Partner (Head – Competition) Avaantika Kakkar, with assistance from senior consultant Anshul Jain, senior associates Vanya Agarwal, and Pushkar Singh, and associates Kartik Mishra and Arundhati Rajput advised on competition aspects.
Trilegal’s corporate practice team advising on the mandate was led by partners Kunal Chandra and Tanya Nanda, supported by senior associate Mayank Jain.
The competition practice Team advising on the mandate was led by partner Gautam Chawla, and supported by counsel Ankush Walia.
SAM’s deal team was led by partners Manav Nagaraj and Bhargava KS, and assisted by senior associate Swapna Easwaramoorthy.
The competition law aspects were led by partners Rohan Arora and Supritha Prodaturi, with support from senior associate Vasudha Verma, and associates Parinita Kare and Rohan Dembani.
