Tuesday , 25 October 2016
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Shardul Amarchand Mangaldas & Co. Advises Future Consumer Enterprises on Rs. 134 Cr. Private Equity Investment by IFC

Shardul Amarchand Mangaldas & Co. acted as legal counsel to Future Consumer Enterprises Limited (FCEL) in relation to the investment by the International Finance Corporation (IFC). FCEL is currently engaged in the sourcing, manufacturing, branding and distribution of food and fast moving consumer goods. The deal is valued at approximately INR 134 crores. Earlier in the year (April 2016), Shardul Amarchand Mangaldas had also advised on the USD 45 million PE investment in FCEL, by Black River Food 2 Pte. Ltd (April, 2016)


The Shardul Amarchand Mangaldas team advised FCEL on all legal aspects of the transaction including drafting, negotiation and execution of the transaction documents. The Private Equity Team was led by Mr. Kalpataru Tripathy, Partner; and included Mr. Aditya Mehra, Senior Associate and Ms. Roma A. Das, Associate.


As a part of the transaction, IFC has picked up a minority stake in FCEL by subscribing to a mix of compulsorily convertible debentures and nominal equity shares.


The parties involved in the transaction were Future Consumer Enterprise Limited and the International Finance Corporation (Investor).    


The other advisors on the Transaction were Trilegal, who acted as the legal counsel to the IFC.


The deal was closed on July 02, 2016


About Shardul Amarchand Mangaldas & Co


Shardul Amarchand Mangaldas is one of India’s leading full service law firms. Founded on almost a century of legal achievement, Shardul Amarchand Mangaldas was reconstituted in May 2015. Its mission is to ‘enable business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration’.


The Firm is known for its exceptional Merger & Acquisition, Private Equity, Banking & Finance, Competition Law, Dispute Resolution, Project & Project Finance, and Capital Markets practices globally.


The Firm has been at the helm of major headline transactions and litigation in all industry segments, besides advising major multi-national corporates on their entry into India and their business strategy.


The Firm has more than 430 lawyers, including 70 partners at its offices in six cities across India, which include – New Delhi, Mumbai, Gurgaon, Bengaluru, Ahmedabad, and Kolkata.