Parthiv Rishi

Emerging Company, Venture and Growth Capital*

• KKR:
  • as lead investor in the Series F financing round of Livspace, one of Asia’s largest omni-channel home interior and renovation platforms, and a newly minted unicorn;
  • as lead investor in the Series C financing round of GrowSari, a B2B e-commerce platform serving micro-, small- and medium-sized enterprises in the Philippines
  • as lead investor in the Series B financing round of Advanced Navigation, an Australian headquartered developer of AI robotics and navigation technology; and
  • as lead investor in the Series B financing round of Kiotviet, a Vietnam-based merchant platform for SMEs.
• Ninja Van, a Singapore unicorn and leading logistics operator in Southeast Asia, on its US$578 million Series E financing round led by Alibaba Group and Geopost/ DPD Group.
• Jungle Ventures:
  • together with CerraCap Ventures,and CapHorn, in connection with the sale of Dathena Science, a Singapore-headquartered deep-tech company that provides AI driven data privacy and security solutions to Proofpoint;
  • as co-lead investor in the Series D financing round of FinAccel, the parent of Indonesia’s buy-now-pay-later (BNPL) platform Kredivo, a round which values FinAccel as a new SEA unicorn;
  • as lead investor in the Series A financing round of Drivetrain AI, an India-based SaaS business;
  • as lead investor in the Series A financing round of Edupia, a leading educational technology learning platform in Vietnam;
  • as lead investor in the Series A financing round of inFeedo, one of the leading employee experience platforms in Asia; and
  • as lead investor in the Series A financing round of Mio, a Vietnamese social commerce platform which focuses on selling fresh produce and groceries in Tier 2 and 3 cities in Vietnam.
• Lightspeed India Partners:
  • as lead investor in the Series A+ financing round of Pintu, an Indonesian crypto trading platform; and
  • and East Ventures, as lead investors in the Series A financing round of Geniebook, a SEA edtech business.
• Temasek Holdings on its Series E investment into Gojek, Indonesia’s leading ride-hailing and on-demand mobile application, and subsequent shareholder-related matters.
• Hillhouse Capital on a number of transactions, including its investments into Traveloka, Indonesia's largest online travel search company, and ongoing shareholder-related matters and subsequent funding rounds by Traveloka.
• Aviva Ventures as lead investor on the Series C funding round of CXA Group, a Singapore-headquartered health and wellness technology company.
• Dream Sports, an Indian unicorn and sports technology company and owner of the leading fantasy sports platform Dream11, on its
  • US$840 million secondary investment round by Falcon Edge, Tiger Global and others, a deal that valued it at US$8 billion, and is among the largest investments globally in the sports tech sector; and
  • US$400 million secondary investment round by Tiger Global, TCV, D1 Capital Partners, Steadview, Chryscapital, Falcon Edge and others.
• Northstar Group:
  • as lead investor on the Series D financing round of Topica Edtech Group, a Vietnam-based education technology company; and
  • on its investment into UP Gen, a co-working space company based in Vietnam.
• EE Capital in connection with its investment in Hopscotch, an Indian e-commerce fashion retailer. 
• Various Indonesia-based emerging companies on their financing rounds, including:
  • Cosmart, an Indonesian membership-based e-commerce platform for essential products;
  • Diri Care, an Indonesia-based startup that operates a digital consumer health clinic focusing on skin, hair, and other conditions; and
  • Pintarnya, a one-stop digital platform for blue collar workers to find employment opportunities in Indonesia.

Private Equity and M&A

• 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings, on its S$150 million investment in Cityneon Group, which specializes in large-scale, intellectual-property-based, unique and immersive experiences held around the world.
• KKR on its investment in EQuest Education Group, an education group based in Vietnam.
• ChrysCapital, a leading investment firm in India: 
  • on its acquisition of Results CX, a customer experience company working with Fortune 100 and 500 companies worldwide, from One Equity Partners; and
  • on its acquisition of Xoriant Corporation, a Silicon Valley-headquartered digital product engineering, software development, and technology services firm.
• Clermont Group on its acquisition of iCare Benefits Co., Ltd., a lending and payments business based in Vietnam.
• Affinity Equity Partners on its agreement to acquire INTI University and Colleges in Malaysia from Laureate Education, Inc.
• The management and employees of Tricor Holdings Limited on their investment alongside Permira on the US$835 million acquisition of Tricor Holdings Limited from The Bank of East Asia Limited and NWS Holdings Limited.
• Nefab Group AB on its acquisition of the Hong Kong, China, and South East Asia business units of Reflex Packaging Group, a major provider of sustainable thermoformed cushioning.
• Greenko Group, one of the leading renewable energy businesses in India, on:
  • the acquisition of Orange Renewable, a wind and solar platform in India, from Singapore based AT Capital for US$1 billion; and
  • the acquisition of SunEdison Inc.’s wind and solar assets in India.
• Dentsu Aegis Network, a multinational media and digital marketing communications company, on its acquisition of Ambient Digital in Vietnam and Myanmar.
• The Bank of East Asia Limited on:
  • its acquisition, alongside an existing shareholder, of PRASAC Microfinance Institution, the largest microfinance institution in Cambodia; and
  • the sale of its 30% interest in PT Bank Resona Perdania, an Indonesian financial institution, to Bank of Yokohama Ltd.
• Vision Well Limited on the sale of its 20% interest in PT Bank Resona Perdania, an Indonesian financial institution, to Daido Life and Resona Bank.
• Diamond Generating Asia (DGA), a subsidiary of Mitsubishi, on an indirect sale of part of its interest in Electricity Generating Public Company Limited of Thailand (through the sale of its interests in TEPDIA Generating BV) to Kyushu Electric Power Company Limited.
• Standard Chartered PLC on the sale of its interest in Merchant Solutions LLC, a card payments services provider, to First Data Corporation.
• Qatar Holdings on its joint venture investment into the Pavilion real estate development in Kuala Lumpur.

Parthiv has also advised on a number of transactions for private equity clients in Europe. Some highlights include advising*:

• Lloyds Development Capital Limited on a number of acquisitions, including of Fever Tree Drinks, D&D Restaurant Group, Capital Economics, Bluestone Group and Imagine Nation, and on a number of disposals, including of Easynet Group to Equistone Partners Europe Limited and Ocean Outdoor to Searchlight Capital Partners.
• Mayfair Equity Partners on a number of transactions, including on its acquisition of YO! Sushi restaurant group from Quilvest Private Equity.
• Cerberus Capital Management, L.P. on a number of transactions, including the acquisition of MCS Group Inc. and the acquisition (with Arrow Global Limited) of a credit card loan portfolio from Santander Bank, N.A.
• Oaktree Capital Management on a number of transactions, including the acquisition of Life Company Consolidation Group (LCCG) and the related arrangements with the founders of LCCG, the acquisition of IBRC Assurance Company Limited (through LCCG) and the consortium bid (alongside PIMCO and Marathon Asset Management LP) for the €6.4 billion mortgage portfolio from Catalunya Banc (code-named “Project Hercules”).
• Arle Capital Partners on the sale of Innovia Group LLC by way of a competitive auction process.

*Includes transactions completed prior to joining Sidley.

• Diversity, Equity & Inclusion Committee (Asia Pacific Chair)