Deal Closed | Veritas Legal | Partners Group | Ecom Express

The details of the deal are as under: 

Practice Area: Private Equity

Sector(s): Third-Party Logistics Services, Courier Service, and allied support

Start Date of Matter: 17 October 2020 (Signing happened on 11 December 2020)

Date of Announcement: 16 December 2020 - Partners Group issued a press release on its website 

Completion Date: Pending 

Name of the Client: Partners Group 

Target: Ecom Express Private Limited (“Ecom Express”)

Deal Description: Acquisition of securities of Ecom Express by Partners Group through primary and secondary (from Warburg Pincus and certain management shareholders) transactions. Following the acquisition, Partners Group would acquire a significant stake in Ecom Express and will become an equal shareholder in Ecom Express to existing investor Warburg Pincus.

Total Consideration: Over USD 250 Million

Concerned Partners: Nandish Vyas, Srabonee Roy

Concerned Associate: Priyank Nanavaty 

Other related Legal Advisors and Whom they are Advising: AZB represented Ecom Express and Warburg Pincus

JSA represented the management shareholders

Quillon Partners represented CDC