Khaitan & Co Advises Venturi I VCC

Khaitan & Co advised Venturi I VCC in relation to primary investment in Dali Group which owns / operates a chain of more than 250 deep discount consumer retail stores in the Philippines. The team led a multi-jurisdictional deal as lead instructing counsel and the scope of work included supervising and leading global due diligence process, negotiating transaction documents and acting as instructing counsel for the local law firms in the Philippines, Singapore and Switzerland.  

This is an international deal with the relevant participants spread across the Philippines, Switzerland, and Singapore. Investor negotiated for a rights package which provides the Investor with governance rights over the group.

The core team consisted of Karun Cariappa (Partner), Kartikeya Prakash (Partner), Mihir Roy (Principal Associate) and Sivananda Pingali (Senior Associate) along with assistance from Chaitanya Deshpande (Associate) and Dhruv Gupta (Associate) on supervising global due diligence process.