Shardul Amarchand Mangaldas advised Pepperfry on raising INR 250 crore fund-raising from US-based investor State Street Global Advisors. Pepperfry operates an e-commerce business in India and State Street Global Advisors (SSGA) is the asset management arm of State Street Corporation, a New York Stock Exchange-listed investment management firm.
The Private Equity Group of the General Corporate Practice at Shardul Amarchand Mangaldas acted as the legal counsel for Pepperfry. The transaction team advised on all the legal aspects of the transaction including carrying out vendor due diligence; reviewing, negotiating and finalisation of the transaction documents; and assistance in closing in relation to the transaction.
The transaction team was led by Mr. Siddharth Nair, Partner; and included Ms. Asmita Mishra, Senior Associate; Ms. Garima Jain, Associate; and Ms. Shachi Singh, Associate.
Other advisors to the transaction were Schulte Roth & Zabel LLP (legal counsel to incoming investor), Cyril Amarchand Mangaldas (legal counsel to incoming investor) and Walkers Global.
About Shardul Amarchand Mangaldas & Co.
Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India’s leading full-service law firms. The firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 520 lawyers, including 100 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.