news

 

Indian law firm Trilegal has guided infrastructure investment trust Highways Infrastructure Trust (HIT) on its approximately $1.08 billion acquisition of 12 road projects from PNC Infratech, which was advised by Shardul Amarchand Mangaldas.

 

The deal is one of India’s largest-ever transactions in the roads sector. It comprises 11 hybrid annuity concessions from the national highways regulator, the National Highways Authority of India, and one toll road concession from state regulator, Uttar Pradesh State Highways Authority.

HIT in an InvIT linked to funds managed by international investment giant KKR.

The team at Trilegal was led by projects partners Neeraj Menon and Amar Narula and corporate partner Sneha Vardhan. Partner Apeksha Mattoo advised on the labour and employment aspects of the deal, and partners Nisha Uberoi and Rudresh Singh advised on competition law aspects.

The SAM team that advised PNC Infratech on the deal was led by partners Kushal Sinha and Dhrupad Pant.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

East & Concord HK firm makes M&A hire from Akin Beijing

by Charlie Wu 吴卓言 |

Yang & Yang Solicitors, PRC law firm East & Concord Partners’ Hong Kong association firm, has added M&A expert Dennis Yeung as a partner from the Beijing office of Akin Gump Strauss Hauer & Feld, which closed recently.

Yulchon taps Yoon & Yang for four-partner M&A team

by Nimitt Dixit |

South Korean Big Six firm Yulchon has continued its recent expansion by poaching four seasoned M&A partners from Yoon & Yang. The quartet includes Sung-Jin Kim, the former head of the M&A practice at Yoon & Yang, along with Kayoung Kim, Hyerim Kang, and Junghwan Lee.

Vietnam’s Asia Counsel forms European alliance, hires partner from rival

by Nimitt Dixit |

Vietnamese boutique Asia Counsel has announced that it has entered into an alliance with European law firm Kinstellar, and also hired M&A veteran Justin Gisz as a partner from local rival Frasers Law Company.