Sakshi Mehra
Sakshi Mehra is a Partner heading the General Corporate, Transactional and Banking & Finance practice of the Kolkata office of SAM & Co.
Sakshi specializes in the areas of mergers and acquisitions, private equity, joint ventures, financing and other strategic transactions. Over her 18 years of private practice experience, she has advised several national and multi-national clients on a broad range of legal issues including general corporate and commercial law matters, foreign investment and entry strategies, securities and takeover laws, joint venture formation, share and asset acquisitions and dispositions and regulatory issues. Ms. Mehra has represented various foreign and Indian corporates across diverse industry sectors. This includes advising strategic and financial investors, Indian promoters and foreign entities interested in establishing collaborations or a foothold in India.
She was recognised among 40 under 40 Rising Stars by Legal Era, 2020. She was among Top 10 Global Deal Makers in terms of deal volume on Mergermarket annual Individual league table with 26 deals to her credit in 2020. She was also featured in the Top 100 Individual Lawyers in the Forbes Legal Powerlist, 2022.
She has particular experience in financing transactions and has advised banks/financial institutions on general lending, corporate finance, project finance transactions and external commercial borrowings.
Before permanently shifting to Kolkata from Mumbai and joining the Firm in mid-2012, Sakshi has worked at Desai & Diwanji, Mumbai for 10 years. Sakshi received her LL.B from Government Law College, University of Mumbai and is also a Solicitor registered with the Bombay Incorporated Law Society.
Select Experience Statement
Private Equity and Strategic Transactions
- The following investors on their investment in Jio:
- Facebook on its US$ 5.7 billion investment.
- Kohlberg Kravis Roberts on its US$ 1.5 billion investment.
- Vista Equity Partners on its US$ 1.54 billion investment.
- Public Investment Fund on its US$ 1.5 billion investment.
- Silver Lake Capital Partners on its US$ 1.4 billion investment.
- General Atlantic on its US$ 878 million investment.
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- Abu Dhabi Investment Authority on its US$ 756 million investment.
- TPG Capital on its US$ 600 million investment.
- Intel Capital on its US$ 254 million investment.
- L Catterton Management Limited on its US$ 250 million investment.
- The following investors on their investment in Reliance Retail:
- Public Investment Fund on US$ 1.24 billion investment.
- Silver Lake Management on US$ 1.25 billion investment.
- KKR on US$ 740 million investment.
- Abu Dhabi Investment Authority on US$ 735 million investment.
- GIC on US$ 735 million investment.
- General Atlantic on US$ 490 million investment.
- TPG Asia on US$ 250 million investment.
- Temasek on its investment in Lenskart.
- CPPIB on its investment in the Dailyhunt group.
- Abu Dhabi Development Authority on its investment in IIFL Home Finance Limited for INR 2,200 crores.
- Sembcorp Utilities Pte. on the following:
- sale of Sembcorp Energy India Limited (its thermal subsidiary in India) to Tanweer Infrastructure SAOC for approximately INR 11,733 crores.
- an internal restructuring involving the repayment of masala bonds, separation of its thermal and renewable subsidiaries in India followed by a reverse merger involving its renewable subsidiary.
- acquisition of the minority stake held by Gayatri Energy Ventures Private Limited in Sembcorp Energy India Limited.
- Duroflex Private Limited and its promoters in a transaction involving a primary and secondary investment by Norwest Capital LLC for INR 425 crores.
- Emami group on the following:
- sale of AMRI Hospitals to the Manipal group.
- acquisition of the ‘Dermicool’ brand from Reckitt Healthcare for approximately INR 432 crores.
- sale of Emami Cement Limited to Nuvoco Vistas Corporation Limited (the cement arm of the Nirma group) for US$ 770 million.
- strategic investments in Helios Lifestyle Private Limited (The Man Company) and Brillare Science Private Limited.
- Cleantech Solar and its affiliates, on various projects in India for generation and supply of electricity to third parties through power purchase agreements and underlying share acquisitions by power purchasers.
- Mubadala on a minority investment in Cube Highways Trust for US$ 636.62 million.
- Astral Steritech Private Limited and its promoters on a 100% sale to Centrient Pharmaceuticals International B. V.
- Annapurna Finance Private Limited on financial investments from Nuveen, DEG, Accion, Encourage Capital and Proparco aggregating to approximately INR 260 crores.
- PIF on US$ 1 billion investment in Reliance Jio Fibre.
- Exide Industries Limited on the following:
- a technical collaboration with SVOLT.
- a joint venture with Leclanche S.A. for lithium ion batteries.
- Wal-mart and Flipkart on their investments in Ninjacart.
- Baazar Retail Limited on a sale of controlling stake to a group of private equity investors led by O3 Capital.
- West Coast Paper Mills Limited on acquisition of a majority stake in International Paper APPM Limited together with the associated open offer.
- Haldiram Bhujiawala Limited on acquisition of Pan India Food Solutions Private Limited (franchisee holder of Coffee Bean and Tea Leaf in India and owner of Italiano Gelato brand).
- True North on a private equity investment in Zydus Wellness Limited.
- Ganesh Grains Limited on a private equity investment of INR 100 crores from Motilal Oswal Private Equity.
- Apeejay Tea Limited on a private equity investment of approximately GBP 25 million from Abercross GP I Limited in its UK based subsidiary, Typhoo Tea Limited.
- West Bengal Power Development Corporation in relation to formation of a SPV/ joint venture company for development of the Birbhum coal block between 7 government companies in the power sector of West Bengal, Bihar, Karnataka, Uttar Pradesh, Punjab and Tamil Nadu and other contractual matters.
- Elta Group Limited on a joint venture with a Kolkata based company in the ventilator and fans space.
- Developed a model MDO contract for coal mining on a PPP basis for Coal India Limited and Ministry of Coal, Government of India.
- Rentokil India Private Limited on the acquisition of the pest control business of SKJ Pestcone Plus Private Limited, Pestcone Pest Control Services and Pestcone Eco Friendly based in Gujarat.
- Emami Cement Limited on the following:
- a railway siding agreement with Lafarge
- acquisition of the business of ECO Cements Limited
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Financing
- NIIF on term loan financing of 200 crores to Cleantech Solar.
- Tata Capital Cleantech Limited on term loan financing of approximately 590 crores to Cleantech Solar
- Standard Chartered Bank, Singapore branch, Axis Bank Limited, Hong Kong branch and Axis Bank UK Limited in relation to term loan facilities of USD 55 million provided to Paharpur Singapore Pte. Ltd. for the acquisition of 100% equity stake in the dry cooling business of SPX Corporation.
- A consortium of banks led by State Bank of India on the S4A Scheme for MSP Steel & Power Ltd.
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- Standard Chartered Bank and Axis Bank on a lease rental discounting facility to South City Projects Kolkata for renovation of South City Mall, Kolkata.
- Advised on a letter of comfort facility of Euro 35,120,000 in connection with funding provided by State Bank of India to a German subsidiary of an Indian company for its global acquisition of a company based in Germany.
- A consortium of banks and financial institutions lead by State Bank of India in the corporate debt restructuring of the Adhunik group of companies involving an aggregate debt of approximately Rs. 5,100 crores.
- Advised on a letter of comfort facility of USD 11,500,000 in connection with funding provided by State Bank of India to a Brazilian subsidiary of an Indian company for its global acquisition of a company based in Brazil.
- A consortium of 10 lenders lead by State Bank of India in a Rs. 635 crore term loan financing for a project undertaken by Assam Petrochemicals Limited in Assam.
- State Bank of India in relation to grant of a term loan facility of Rs. 115 crores to the Karam Chand Thapar & Bros. Group for financing of a wind power project in Andhra Pradesh.
- West Bengal Infrastructure Development Finance Corporation Limited on a corporate term loan of Rs. 100 crores to Kesoram Industries Limited.
- State Bank of India in a Rs. 235 crore term loan financing to KCT Renewable Energy Private Limited for a 39.10 mega-watt wind power plant in Andhra Pradesh.
- IDBI Bank Limited in a 51.45 crore term loan financing to Azure Power Eris Private Limited for a 10 MW solar power plant in Patna, Bihar.
- State Bank of India in the corporate debt restructuring of the Concast group of companies involving an aggregate debt of approximately Rs. 7,200 crores.
- IDBI Bank Limited in a 30.50 crore term loan financing to Suryataap Energies & Infrastructure Private Limited for a 5 MW solar power plant in Assam.
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A detailed experience statement can be shared on a confidential basis.
Professional Memberships
- Bar Council of Maharashtra and Goa
- Bombay Incorporated Law Society (BILS)
Education
- B.L.S. LL.B, Government Law College, University of Mumbai, Solicitor, BILS India
