Pritha Jha

Practice Areas

Corporate, M&A and Private Equity

Work Highlights

M&A Deal Highlights

1) Project Azure – ACN Video Restructuring - Atria Convergence Technologies Limited (“ACT”) along with other shareholders sold their entire shareholding in its majority owned subsidiary A.C.N. Cable Private Limited (“Target”) to two existing non-resident shareholders of ACT, Argan (Mauritius) Limited and TA FVCI Investors Limited, making them 100% owners of ACN. Further, ACN purchased shares of a few group companies of ACT, making them the wholly owned subsidiaries of ACN. The intent for the restructuring was to club all entities engaged in the cable TV business under one vertical with the Target being the holding company.

2) Acquisition of 70% stake in SVM Private Limited by Exxelia SAS and Alcon Electronics Private Limited - Pioneer Legal advised and assisted Exxelia and Alcon in their acquisition of 70% stake in SVM. The deal involved a cross-border acquisition of shares of an Indian company by Exxelia, a non-resident Indian entity, headquartered in France, and Alcon, an Indian foreign-owned and controlled company.

Private Equity Deal Highlights

1) Partial exit of Gaja Trustee Company Private Limited and Gaja Capital Fund II Limited from Educational Initiatives Private Limited, by way of sale of equity shares of the Company to HCL Capital Private Limited - Gaja sold approximately 20% of its shareholding in the Company to the Purchaser, as part of the Purchaser’s investment of INR 166 crore in the Company.

2) Project Swift - Investment by 360 One Large Value Fund, a category II alternative investment fund in Rapidue Technologies Private Limited - 360 OLVF acquired approximately 10% stake in Rapidue by way of primary and secondary investment.

3) Investment by Nuveen Global Fund and other existing investors in Ecozen Solutions Private Limited - Ecozen was undertaking another round of fundraising from their existing investors, which include Nuveen Global Impact Fund India S.A.R.L., Dare Ventures and Omnivore India Capital Trust.

Education

Awards