Chalet Hotels’s $230 Million Initial Public Offering

Sidley represented JM Financial, Axis Capital and Morgan Stanley as the underwriters in the US$230 million initial public offering of equity shares of Chalet Hotels Limited pursuant to Section 4(a) and Regulation S.

Chalet Hotels is an owner, developer and asset manager of high-end hotels in India. Its platform comprises of five operating hotels, including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru.

The multi-office Sidley team was comprised of partners Manoj Bhargava (Picture), Ankit Kashyap (Singapore) and Nicholas R. Brown (New York), counsel Carla G. Teodoro (New York), and associates Rishabh Gupta (Singapore) and Christian D. Molander-Barraza (New York), with support from staff attorney Ravina Mahajan (Singapore).

Involved fees earner: Manoj Bhargava – Sidley Austin LLP; Nicholas Brown – Sidley Austin LLP; Ankit Kashyap – Sidley Austin LLP; Christian Molander-Barraza – Sidley Austin LLP; Carla Teodoro – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Axis Capital Holdings Ltd.; JM Financial; Morgan Stanley;

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Author: Michael Patrini