Private Equity | Asia-Pacific

AZB & Partners has a front-running legal practice widely admired for its outstanding experience representing high-end international funds in all types of private equity investments in India from minority to control acquisitions. The firm is highly sought after for its advice on the efficient structuring of investments, tax planning and regulatory issues. The team has strength advising on private equity transactions involving the financial services, technology, healthcare and retail sectors, particularly those with cross-border aspects. Clients benefit from the strength of the firm in related areas such as capital markets, whilst the firm also has a thriving venture capital practice, handling early and late-stage investments. Some of its key clients include KKR, Tiger Global Management and Bain Capital.

Cyril Amarchand Mangaldas is a leading law firm in India with a highly regarded private equity practice, frequently retained to act on complex cross-border transactions, often on behalf of significant global funds investors. The team of lawyers is well supported by complementary departments including leading capital markets, finance and competition practices. The firm is also mandated on venture capital financing deals and demonstrates excellent capabilities in handling transactions across various sectors, including real estate, finance and TMT. The department's client base includes Advent International, British International Investment and Ontario Teachers’ Pension Plan.

Khaitan & Co has an outstanding group of lawyers, renowned for expertise advising leading domestic and international funds and investors on their Indian transactions, as well as Indian companies receiving investments. The department fields an acclaimed team well equipped to assist clients with the full range of matters, including fund formation and investment, portfolio management and exits. The firm is recognised for its impressive capabilities in tax, banking and regulatory approval issues. The lawyers are experienced in transactions in the real estate, power, financial services, technology and life sciences sectors, and well placed to advise on minority and control investments. Clients include Poonawalla Fincorp, Brookfield Asset Management and Oman Investment Corporation.

Shardul Amarchand Mangaldas & Co has a highly qualified team of lawyers in India, representing an impressive roster of blue-chip private equity funds. The firm has formidable strength advising on high-value transactions in the technology, financial services, real estate and insurance sectors. The team also offers extensive experience in buyout and control deals as well as exits, with experience acting for an array of global private equity firms on major investments into India. The department has vast knowledge of the structuring of investments and developing exit strategies, whilst also earning recognition for its busy practice in the fundraising space, regularly assisting venture capital clients. Carlyle, EQT and National Investment and Infrastructure Fund feature among the firm's clientele.

Trilegal has a top-tier legal practice assisting major local and global funds and investors on the entire spectrum of private equity transactions such as fund formation, fund structuring, developing entry and exit strategies, share purchases and offshore funding. The firm enjoys a strong track record advising clients across a range of sectors, including the infrastructure, energy, real estate and technology industries in primary and secondary investments. The lawyers are well placed to assist with regulatory and asset and fund management issues, as well as venture capital fundraisings and control deals. Some of its key clients include Blackstone, Carlyle and KKR.

IndusLaw is particularly well regarded for its venture capital practice in India, earning recognition for its impressive ability to represent sector-specific funds and corporates in the technology, finance, healthcare and ecommerce sectors, among others. The team draws on the quality of its corporate and projects practices to assist clients with complex transactions. The law firm is noted for its strong Bengaluru presence and for its representation of clients investing in companies throughout their life-cycles as well as during exits and divestments. The department frequently assists startups and private companies with their fundraising activities, including early and late-stage investment rounds. Accel Partners, Elevation Capital and ShareChat are examples of its clientele.

JSA has an established legal practice in India, skilled at advising international and domestic private equity funds, venture capital entities, sovereign wealth funds and investee companies across a range of transactions. The team provides support to funds throughout all stages of their investments advising on structuring, negotiations, documentation and regulatory concerns. The firm has notable expertise assisting with due diligence procedures, fund formation and fundraising. The department is particularly active on investments in the finance, healthcare and technology sectors. Notable clients include Temasek, Hidden Harbor Capital Partners and A91 Partners.

Bharucha & Partners has a notable legal practice providing support to private equity and venture capital entities as well as target companies on the entire life-cycle of investment and fund issues in India, including follow-on transactions. The firm is also well equipped to provide counsel on corporate and M&A transactions, and is notably active in the technology-enabled services and financial services sectors. The lawyers are adept at handling both minority and controlling-stake acquisitions and are also active for startups on early-stage financings. Clients of the team include General Atlantic, Lightrock Fund and Ivanhoé Cambridge.

IC Universal Legal continues to display a solid reputation for advising companies on fund formation and asset management. The team especially elicits praise for its strong knowledge of SEBI and Alternative Investment Funds regulations in India. The firm regularly represents leading Indian and overseas funds in transactions across a range of sectors, including consumer services, finance and real estate. Clients represented include HDFC, Omnivore Partners and Fireside Ventures.

Quillon Partners has an experienced private equity team with a broad practice, covering the full range of deals through from early to late-stage investments. The firm offers notable expertise assisting an impressive roster of funds and private equity firms with investments, entry and exit strategies, buyouts and venture capital matters. The team is acknowledged for its experience handling investments into the life sciences, hospitality and technology industries, frequently representing multinational private equity funds.

S&R Associates has a strong transactional law practice able to draw upon its wider strengths in M&A and capital markets to advise private equity clients on control and minority investment transactions, venture capital deals and investment fund-related transactions in India. The lawyers are involved in a number of strategic investments in the infrastructure, real estate, finance and technology spaces. The team is noted for its strong relationships with financial institutions, funds and investors.

Anoma Legal is an active firm in India, operating from offices in Bengaluru, Mumbai and New Delhi. The law firm regularly acts for startups and venture capital funds in fundraising activities, particularly early-stage ones. The team is experienced in technology sector transactions. Clients include Krazybee Services, Ulink Agritech and Changejar Technologies.

DSK Legal has an established legal practice valued for its experience acting on the entire spectrum of domestic and cross-border private equity transactions in India. The firm works with funds and venture capital firms, as well as target companies, in the technology, healthcare and manufacturing sectors, among others. The team is sought out for its consolidated knowledge of complex corporate and M&A deals. The lawyers are experienced in majority and control-stake investments, as well as disputes related to private equity transactions. Aquaexchange Agritech, HDFC Capital Advisors and Mimansa Industries are examples of the firm's clients.

Jerome Merchant + Partners' private equity legal practice is regularly involved in advising investment funds, venture capital funds and corporate clients on investments in India. The firm often handles transactions in the fintech, manufacturing and technology sectors. Key clients include Amica Finance, Sequoia Capital and IIFL Wealth Management.

Luthra and Luthra Law Offices India covers the full gamut of private equity and venture capital transactions from structuring investments to drafting commercial agreements and financing exit transactions. The firm offers experience advising private equity firms on their investments in the technology, pharmaceutical and agriculture sectors, among others. The team maintains a broad client base, including foreign and domestic investors as well as promoters and businesses. The department is often engaged as Indian counsel on global private equity deals. Accurant International, Llama Logisol and Crystal Crop Protection are clients.

Saraf and Partners has a solid body of venture capital and private equity work. The team is involved in seed and mid-to-late stage fundraising as well as exits. The firm regularly acts for funds and corporate investors and is experienced in transactions in the technology, fintech and retail sectors. Zomato, TR Capital and Play Games 24x7 are notable clients represented by the firm.

Spice Route Legal is a technology-focused law firm in India with a strong track record in private equity and venture capital transactions, especially involving startups. The firm is active for investees and private equity funds, handling investments, exits and related disputes. The team often advises on transactions in the energy, technology, ecommerce and manufacturing sectors. The team possesses international experience, with its partners having previously worked at law firms in Singapore. Some of its key clients include Culbro Helix Investments, Zenfold Ventures and Acko.

AP & Partners in India is noted for its private equity practice, fielding a capable team with expertise in assisting clients with investment activities and fund formation and structuring. AP & Partners has experience in both domestic and cross-border matters and caters to a range of clients in sectors such as technology, healthcare, education and agriculture. Notable clients include Amishi Consumer Technologies, HealthAssure and Teacher Tools.

Argus Partners in India has experience in both domestic and cross-border private equity deals, catering to a range of clients in sectors such as healthcare, energy and finance. The team is able to advise clients on venture capital and private equity investments. Notable clients include Fitterfly Healthtech, MedGenome and Together Fund.

Dentons Link Legal is a full-service law firm with a broad private equity and venture capital offering, acting for investee companies and funds. The team houses a busy venture capital practice, representing a number of international companies and funds, as well as domestic clients. The firm is active in a range of sectors, including technology, finance and manufacturing. Names on its client list include Mission1 Investments, Digiexpress Trade and Creanovation Technologies.

Krishnamurthy & Co (K Law) is an established corporate law firm with offices in Mumbai, Bengaluru, New Delhi and Chennai. The team serves corporate investors, funds and startups on debt and equity fundraisings. The firm has notable experience in technology and financial services sector investments. Ascent Capital, L R India Holdings and Zeo Fin Technology are among the clients represented by K Law.

NovoJuris is primarily located in Bengaluru and focuses on early-stage investments and seed fundraisings. The firm also assists companies with establishing operations, IP law and technology regulations. The team regularly represents portfolio companies in the technology and e-commerce areas. Azalp Technologies, Bizcon Fintech and Waterwala Labs are amongst its clientele.

TT&A is a full-service law firm in India that is well placed to assist private equity and venture capital funds with investments. The firm often advises on matters for international clients, with deals in a variety of sectors such as education, gaming, technology, retail and energy. Notable clients include Asian Development Bank, Courtside Ventures and Sequoia.

Wadia Ghandy & Co's team of lawyers in India provides advice on the entire spectrum of private equity fund-related matters. The department is well regarded for its work handling significant mandates on behalf of India-focused investors in the consumer goods and healthcare sectors, among others. The firm is well placed to provide assistance with real estate investments.