Skyclub Aviation LLP | Investment in Carver Aviation Private Limited and Carver Training and Services Private Limited

The details of the deal are as follows:

Name of Client:  Skyclub Aviation LLP, an entity involved in purchasing and flying of aircraft, 

Deal Description: Sale of the entire shareholding of Glance Investments (India) Private Limited in Academy of Carver Aviation Private Limited ("ACAPL") and Carver Training and Services Private Limited (“SPL”) to Skyclub Aviation LLP.  

Total Consideration: INR 150 million (USD 2.03 million) 

Team Members: The core team of the transaction is as below: 

Transaction: Sharad Abhyankar (Partner), Ritwik Kulkarni (Principal Associate), Vwastav Ghosh (Associate), Bhavya Bhankharia (Associate) and Stephanie Nazareth (Associate) 

Diligence Aspects: Ritwik Kulkarni (Principal Associate), Vwastav Ghosh (Associate), Bhavya Bhankharia (Associate), Murugaveni Pillai (Associate), Kriti Gangwar (Associate), Ruturaj Jere (Associate), Stephanie Nazareth (Associate), and Zico Bahl (Associate) 

Real Estate Aspects: Harsh Parikh (Partner), and Aishwarya Wadhavkar (Associate) 

Role of Firm: The Firm was involved in the following:(a) Conducting legal due diligence on Academy of Carver Aviation Private Limited ("ACAPL") and Carver Training and Services Private Limited (“SPL”) and preparing red flags only legal review report for the Client;(b) Acting as legal counsel to the Client for the overall transaction (including negotiating, drafting and reviewing the share purchase agreement); and(c) Assisting with the execution of the transaction.