Venturi Partners Pte. Ltd. has made a primary investment of $25 million in Dali Group which owns and operates a chain of more than 250 deep discount consumer retail stores in the Philippines.
Khaitan & Co advised Venturi Partners on this investment deal. The firm led a multi-jurisdictional deal as lead instructing counsel and the scope of work included supervising and leading the global due diligence process, negotiating transaction documents, and acting as instructing counsel for the local law firms in the Philippines, Singapore and Switzerland.
The transaction team consisted of Karun Cariappa (Partner), Kartikeya Prakash (Partner), Mihir Roy (Principal Associate), and Sivananda Pingali (Senior Associate) along with assistance from Chaitanya Deshpande (Associate) and Dhruv Gupta (Associate) on supervising global due diligence process.
This is an international deal with the relevant participants spread across the Philippines, Switzerland, and Singapore. Venturi negotiated for a rights package which provides the Venturi with governance rights over the group.
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