Global private equity investor Advent International is acquiring a majority stake in Eureka Forbes Ltd (EFL) from Shapoorji Pallonji Group at an enterprise value of ₹4,400 crore.

Desai & Diwanji advised Shapoorji Pallonji and team was led by Partners Apurva Diwanji and Natasha Treasurywala along with Partner Farida Dholkawala, Associate Partners Sameer Patel and Shireen Langrana and Associate Alister Sequeira.

The diligence team included Associate Partners Debashree Dey and Yuvraj Singh, Senior Associate Mitra Arabandi, Associates Vibhav Seth, Kunal Pradhan, Amanee Kadakia and Savari Doshi.

AZB & Partners advised Eureka Forbes and the team was led by Partner Vaidhyanadhan Iyer along with Counsel Apeksha Mattoo and Senior Associate Jeet Chaudhuri.

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