Japan's largest bank MUFG Bank has made an investment in Neo Investment Value Advisors Private Limited (Neo), as part of Neo's $48 million fundraise.

Khaitan & Co advised MUFG Bank on this transaction.

The core team consisted of Karun Cariappa (Partner), Kartikeya Prakash (Partner), Mihir Roy (Principal Associate) and Shaktibhushan Shukla (Senior Associate) with assistance from the following:

Due diligence/closing support: Harshita Mishra (Senior Associate), Dhruv Gupta (Associate) and Mustafa Murtaza Rajkotwala (Associate)

Funds related regulatory aspects: Divaspati Singh (Partner), Khusboo Agarwal (Principal Associate), and Anushri Uttarwar (Associate);

Antitrust related regulatory aspects: Anisha Chand (Partner), Soham Banerjee (Principal Associate) and Siddharth Pravin Bagul (Senior Associate);

RBI related regulatory aspects: Moin Ladha (Partner) and Tanish Prabhakar (Senior Associate).

Nitin Jain, former CEO of wealth and asset management, Edelweiss Financial Services launched the Neo Group.

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