Deal Closed | NewQuest Capital Partners | Acquisition of Cosmos Animation

The details of the deal are as follows:

Sector: Media and Entertainment 

Announcement Date: 28-Jun-2021 

Completion Date: 24-Jun-2021 

Name of Client: NewQuest Capital Partners 

Acquirer Details: NewQuest Asia Fund IV (Singapore) Pte. Ltd. | Singapore  

NewQuest is the leading dedicated secondary private equity platform focused on the Asia-Pacific region. NewQuest specializes in providing strategic liquidity solutions to private equity asset owners including private equity funds, financial institutions, corporations, hedge funds and family offices. NewQuest was established in 2011 and currently manages four funds with capital commitments of over US$2.4 billion. 

Target and Seller Details: Cosmos Animation Singapore Pte. Ltd. | Singapore | Target  

Founded by internationally acclaimed Indian filmmakers Ketan Mehta and Deepa Sahi, Cosmos-Maya is a Singapore and India based Animation Company Managed by Maya Digital Studios Pvt Ltd that produces high-quality 3D as well as 2D animation content. The company primarily focuses on creating IPs in the kids’ animation space and is presently working on multiple Indian animation TV series with all the leading linear & non-linear broadcasters. 

EM Holdco I Pte. Ltd. | Singapore | Seller 

Emerald Media is a pan-Asian platform established by global investment firm KKR to fund investment opportunities in the fast-growing media and entertainment industries across Asia 

Deal Description Advised NewQuest Capital Partners in relation to its acquisition of  Cosmos Animation Singapore Pte. Ltd.  

Cosmos-Maya is behind the popular animated series Motu Patlu, Selfie with Bajrangi, Titoo, Dabangg and several marquee Indian and international shows. The company is founded by filmmakers Ketan Mehta and Deepa Sahi and is based in Singapore and India.   

Total Consideration:  Confidential 

Team Members: Kartick Maheshwari (Partner), Shantanu Gupta (Partner), Aishwarya Nagpal (Principal Associate) and Divyansh Joshi (Associate) represented NewQuest on the transaction with assistance from the following: 

Media and Entertainment Law matters: Tanu Banerjee (Partner) and Ishan Johri (Senior Associate) 

Employment Law matters: Anshul Prakash (Partner) and Deepak Kumar (Partner) 

Data Privacy Law matters:  Supratim Chakraborty (Partner), Sumantra Bose (Principal Associate) and Tashi Gyanee (Associate) 

Intellectual Property Law matters: Adheesh Nargolkar (Partner), Smriti Yadav (Partner), Sourav Dan (Principal Associate), Sunaina Brahma (Senior Associate) and Bhavik Shukla (Associate) 

Due diligence and closing actions: Vaishali Nayar and Radhika Parthasarathy 

Role of Firm: Acted as legal advisors to NewQuest on the transaction.