Investcorp Asia Services Pte. Ltd’s Acquisition of the Private Equity and Real Estate investment management businesses of IDFC Alternatives Limited

Khaitan & Co acted as the legal adviser for IDFC Alternatives Limited in connection with the transaction

Investcorp, a global provider and manager of alternative investment products, has launched operations in India with the imminent completion of its first deal, the acquisition of the Private Equity and Real Estate investment management businesses of IDFC Alternatives Limited (IDFC Alternatives), a subsidiary of IDFC Limited.

The acquisition, which has already received the required regulatory approvals from the Securities and Exchange Board of India, is expected to close on 31 January 2019. This transaction will mark Investcorp’s entry into India and is in line with the firm’s long-term strategy of expanding its investment footprint and client franchise globally.

The acquisition of IDFC Alternatives’ Private Equity and Real Estate businesses along with the existing team of around 20 people will provide Investcorp with immediate access to the large and growing Private Equity and Real Estate markets in India, together with an experienced team of seasoned professionals with a network of well-established relationships in the domestic market developed over many years. Combined assets under management (AUM) of the India Private Equity and Real Estate businesses are approximately USD430 million.

Khaitan & Co advised IDFC Alternatives Limited with a team including Siddharth Shah (Picture), Sameer Sah (Partner), Vinita Choudhury (Senior Associate), Mohit Maheshwari (Associate) and Kanika Mathew (Associate).

Involved fees earner: Sameer Sah – Khaitan & Co.; Siddharth Shah – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: IDFC Alternatives Ltd;