Mubadala’s Investment in Reliance Retail Ventures Limited

Davis Polk advised Reliance Industries Limited and Reliance Retail Ventures Limited, while Skadden advised Mubadala Investment Co. in the transaction.

Mubadala Investment Company finalized its investment of ?6,247.5 crore (US$ 844 million) into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, India’s largest private sector company. The transaction is subject to regulatory and other customary approvals.

Reliance Industries Limited is India’s largest private sector company. Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. Reliance Retail operates 11,784 stores throughout India, across consumer electronics, groceries, and fashion & lifestyle.

Mubadala’s investment will translate into a 1.4 % equity stake in RRVL on a fully diluted basis.

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.

The Davis Polk corporate team included partners Jeffrey R. O’Brien (Picture) and Leo Borchardt and associates Alexander W. Simmonds, Maxim Van de moortel, Jack Kelly and Jordan Jacobs.

The Skadden team advising Mubadala was led by partners Jonathan Stone (Hong Kong), Rajeev Duggal (Singapore) and Nathan Giesselman (Palo Alto), with Counsel Parveet Gandoak (Singapore) and associate In Ho Kim (Singapore).

Involved fees earner: Leo Borchardt – Davis Polk & Wardwell; Jordan Jacobs – Davis Polk & Wardwell; Jack Kelly – Davis Polk & Wardwell; Jeffrey O’Brien – Davis Polk & Wardwell; Alexander Simmonds – Davis Polk & Wardwell; Maxim Van de moortel – Davis Polk & Wardwell; Rajeev Duggal – Skadden Arps Slate Meager & Flom; Parveet Gandoak – Skadden Arps Slate Meager & Flom; Nathan Giesselman – Skadden Arps Slate Meager & Flom; In ho Kim – Skadden Arps Slate Meager & Flom; Jonathan Stone – Skadden Arps Slate Meager & Flom;

Law Firms: Davis Polk & Wardwell; Skadden Arps Slate Meager & Flom;

Clients: Mubadala; Reliance Industries Limited; Reliance Retail Ventures Limited;