Skip to main content

Morrison & Foerster has advised IndoSpace, the biggest developer of industrial and logistics real estate in India, on the formation of a $1.3 billion joint venture with the Canada Pension Plan Investment Board (CPPIB), which turned to Cyril Amarchand Mangaldas for advice.

S&R Associates was also involved in the deal, advising Everstone Group, a private equity firm that owns IndoSpace.

CPPIB is expected to invest $500 million and get a majority stake in the JV. Called IndoSpace Core, the JV will focus on acquiring and developing modern logistics facilities in India.

The MoFo team was led by partners Eric Piesner and Shirin Tang in Singapore and Jason Nelms in Hong Kong. Fellow partners Amit Kataria, Matthew Lau, Joshua Isenberg, Ken Muller also provided support. 

Partner Shagoofa Khan handled the transaction for CAM, while partners Sandip Bhagat, Rajat Sethi, Sudip Mahapatra headed the S&R team. 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.