Three deals on which Sidley advised have been selected by India Business Law Journal (IBLJ) as “Deals of the Year.” This is the sixth consecutive year in which Sidley was recognized by IBLJ for its work. The Sidley matters that made the list include:
- Dream Sports Inc.’s US$400 million and US$840 million secondary fund raisings
Sidley represented Dream Sports, the owner of online fantasy sports platform Dream11, and India’s first online gaming unicorn, on their US$400 million and US$840 million secondary investments. The Sidley team was led by Andrew Harper (Partner, Emerging Companies and Venture Capital/M&A, U.S.) with support from Parthiv Rishi (Partner, Corporate/M&A, Singapore) and included members of the firm’s Singapore, Palo Alto, and Washington D.C. offices.
- US$715 million IPO of FSN E-Commerce Ventures Limited (Nykaa)
Sidley acted as international counsel to the underwriters, Kotak Mahindra, Morgan Stanley, BofA Securities, Citigroup, ICICI Securities, and JM Financial, in connection with the US$715 million initial public offering of equity shares of FSN E-Commerce Ventures Limited (Nykaa), a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers with a diverse portfolio of beauty, personal care, and fashion products. The Sidley team was led by Manoj Bhargava (Partner, Capital Markets, Singapore), and included members from the firm’s Singapore, Hong Kong, Sydney, and New York offices.
- US$340 million initial public offering of Macrotech Developers Limited
Sidley acted as international counsel to the underwriters, Axis Capital Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Edelweiss Financial Services Limited, IIFL Securities Limited, JM Financial Limited, YES Securities (India) Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited, in relation to the US$340 million initial public offering of equity shares of Macrotech Developers Limited, one of the largest real estate developers in India. The Sidley team was led by Manoj Bhargava (Partner, Capital Markets, Singapore), and included members from the firm’s Singapore, London, and New York offices.
Each year, IBLJ selects the most significant India-related deals and highlights them in a special report. Sidley’s significant transactional experience in India dates back to 1984 and focuses on providing legal advice on a global scale in connection with capital markets, private equity, investment funds, M&A, restructuring, banking, project finance, international trade, and related corporate matters.