Cyril Amarchand Mangaldas (“CAM”) advised Mizuho Leasing Company, Limited ("Mizuho") in acquisition of an additional stake in Rent Alpha Private Limited ("Company") from Bravia Rent Alpha Holdings Limited. Mizuho had acquired a controlling stake in the Company last year, and has now made a follow-on acquisition. The Company is the holding company of a non-banking financial company, Capsave Finance Private Limited.
This was a time sensitive exit which required extensive negotiations around warranties and indemnities, including fund comfort arrangement.
The transaction team was led by Aditi Manchanda, Partner; with support from Kushal Ramotre, Director - Corporate Transactions; and Anukriti Bhattad, Associate.
Dhruv Rajain, Partner, with support from Ananya Mahant, Associate; and Mohini Parghi, Associate; advised on the Competition Law related aspects of the transaction.
Subhojit Sadhu, Partner, with support from Chahat Gupta, Associate; advised on Finance related aspects of the transaction.
Gazal Rawal, Partner, with support from Anshuman Sugla, Senior Associate; advised on the Regulatory related aspects of the transaction.
Other Parties and Advisors to the Transaction are Anderson Mori & Tomotsune (Acted as International law firm for the acquirer).
The transaction documents was signed on 8th August, 2024 and closed on 29th August, 2024.
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