Sangamitra Sankaraiah
Sangamitra Sankaraiah is a Partner at Shardul Amarchand Mangaldas & Co. and has experience of working on a wide range of corporate transactions including mergers, acquisitions and restructurings, private equity, structured financing and general corporate and regulatory advisory.
Prior to Shardul Amarchand Mangaldas, Sangamitra has worked with White & Case LLP in their New York office for a year. Sangamitra is dual qualified to practice in India and New York.
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Mergers & Acquisitions / Private Equity
- Represented Bain Capital Credit on the setup of a USD 1 billion digital infrastructure platform with Ivanhoé Cambridge and Macrotech Developers Limited (Lodha group). Further represented Bain Capital Credit in their exit from the digital infrastructure platform.
- Advised Bain Capital Credit in the purchase of certain units of Embassy Office Parks REIT from Embassy Property Development Private Limited.
- Advised Brookfield in its minority investment in a subsidiary of UPL Limited.
- Represented Culver Max Entertainment Private Limitedand Bangla Entertainment Private Limited (entities belonging to the Sony group), on the aborted amalgamation of ZEE Entertainment Enterprises Limited and Bangla Entertainment Private Limited with and into Culver Max Entertainment Private Limited (earlier known as Sony Pictures Networks India Private Limited).
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- Advised Tenneco, Inc. (portfolio company of Apollo Global Management) in relation to its internal restructuring and corporate compliance matters in connection with the listing of Tenneco Clean Air India Limited.
- Represented Aragen Life Sciences in their fund raises from Goldman Sachs and Quadria Capital. Also advised ChrysCapital in its exit from Aragen Life Sciences.
- Advised Reddy Group on their sale of certain shares held by them in Aragen Life Sciences to Avendus Future Leaders Fund and SBI Life Insurance.
- Represented Paradeep Phosphate and Mangalore Chemicals in their USD 800 million merger.
- Advised Keensight Capital on their acquisition of the Axe Finance Group, from an Indian law perspective.
- Represented Apollo Global Management in their exit from Planetcast Media Services Limited.
- Advised Apollo Global Management, ChrysCapital and Lugard Capital on their respective investments / follow-on investments in Hero FinCorp Limited.
- Represented ChrysCapital in its acquisition of Novartis India Limited, a listed pharmaceutical company.
- Advised ChrysCapital on its investment in Linux Laboratories Private Limited.
- Advised ChrysCapital and Client Associates Alternate Fund on their investments in Bright Lifecare Private Limited (HealthKart) by way of purchase of shares from certain Peak XV entities and GHI Holdings Mauritius.
- Advised ChrysCapital on its investment in Lenskart Solutions.
- Advised ChrysCapital on its investment in Brainbees Solutions Private Limited (FirstCry).
- Advised ChrysCapital in the acquisition of a 10% stake in Mankind Pharma Limited for USD 350 million, in one of the largest investments in the pharmaceutical sector in India at that time.
- Advised Infogain Corporation (portfolio company of ChrysCapital) in relation to its acquisition of AbsolutData Holdings, Inc.
- Advised Bain Capital Credit in its acquisition of Adani Capital Private Limited (now known as Tyger Capital) and Adani Housing Finance Private Limited (now known as Tyger Housing).
- Advised Bain Capital Special Situations, L.P. relating to its acquisition of a majority stake in Hillenbrand Inc.’s Milacron injection moulding and extrusion business, which involved the indirect acquisition of Milacron India Private Limited.
- Advised Reddy Group in their pre-seed round for setting up their IVF business (Oval IVF).
- Advised the Reddy Group and Equal AI in their Series B funding from Prosus Ventures and Tomales Bay Capital.
- Advised Lugard Capital on acquisition of a minority stake in Roppen Transportation Services Private Limited (Rapido).
- Advised Crunchyroll (a Sony group entity) in relation to its India entry strategy and setting up of their India operations.
- Advised Deutsche Börse Group in relation to its India entry strategy and setting up of their India operations (GCC).
- Advised SHEIN in relation to its India entry strategy and setting up of their India operations and technical setup (including for payments, logistics, etc.).
- Advised the Vardhaman Group in relation to investment by Aichi Steel, Japan and the related technical collaboration.
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Finance / Structured Debt
- Advised Bain Capital Credit in its debt investment in promoter entities of the Lodha group flagship company Macrotech Developers Limited by way of subscription to unlisted, secured non-convertible debentures.
- Advised Bain Capital Credit in its debt investment in promoter entities of the GMR Group by way of subscription to unlisted, secured non-convertible debentures.
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- Advised AION Capital Partners (JV between ICICI Ventures and Apollo Global Management) in relation to its debt investment (including restructuring) in the Future group by way of subscription to unlisted, secured non-convertible debentures as well as equity shares.
- Advised Apollo Global Management in relation to its debt investment by way of purchase of unlisted, secured non-convertible debentures issued by Chemplast Sanmar.
- Advised the SAMHI group in relation to the issuance of unlisted, secured non-convertible debentures which were subscribed to by Cerberus.
- Advised Apollo Global Management in relation to the restructuring of its debt investment in Jyoti Structures Limited pursuant to and after the implementation of a resolution plan.
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Capital Markets
- Advised the bondholders in relation to restructuring of foreign currency convertible bonds issued by JCT Limited, Mercator Limited and Jaiprakash Power Ventures Limited.
- Advised the Tenneco Group on their sale of certain shares of Tenneco Clean Air India Limited on the stock exchanges in India through a block deal.
- Advised the Jubilant Bhartia Group on multiple offers for sale on stock exchanges in India through block deals.
- Advised Jubilant Pharma in relation to its high yield bond issuance in Singapore.
A detailed experience statement can be shared on a confidential basis.
Professional Memberships
- Bar Council of Delhi and New York State Bar Association
Education
- BBA. LL.B (Hons.), Amity Law School, Noida
- LL.M, Columbia Law School, New York