Anagram Partners, CAM advise Avenue Capital Group and MAVCO Investments on acquisition of Hubergroup

Anagram Partners and Cyril Amarchand Mangaldas have advised the Consortium of Avenue Capital Group and MAVCO Investments in the acquisition of Hubergroup.

The Anagram team advising on the acquisition was led by Rajesh Simhan (Partner), Simone Reis (Partner), Faraz Khan (Partner) and consisted of Anand Unnikrishnan (Principal Associate), Sarthak Parnami (Principal Associate), Aditya Agarwal (Associate), Rishab Chhabaria (Associate) and Sakshi Agarwal (Associate).

Cyril Amarchand Mangaldas has advised Mavco Investments Private Limited on this acquisition. CAM further advised Mavnu Investments Private Limited, the JV entity between Mavco and Avenue, in relation to financing aspects of the transaction. The Firm also assisted Mavco and Avenue in relation to obtaining the CCI’s approval for the transaction under the green channel route.

The transaction was concluded under the guidance of L. Viswanathan, Senior Partner. 

The financing was led by Pranav Sharma, Partner; with support from Garima Shahani, Partner; Aditi Bagri, Director - Banking & Finance; Prerna Sachdeva,  Senior Associate; Oshin Malpani, Associate; and Hetav Dave, Associate.

The equity and joint venture aspects of the transaction was led by Dhruv Singhal, Partner;  with support from Aparna Menon, Senior Associate; Shivangini Singh, Associate;  and Bhavya Arya, Associate.

The CCI approval for the transaction was led by Vijay Pratap Singh Chauhan, Partner; with support from Rajat Sharma, Senior Associate; and Samridh Sinha, Associate.

Aviral Sahai, Partner; with support from Palak Singh, Associate; assisted inputs on other aspects of the transaction. 

The consortium of MAVCO Investments and Avenue Capital Group acquired Hubergroup for a total investment of $310 million. This amount includes $160 million allocated to refinance Hubergroup’s existing debt and $150 million in equity investment from the Murugappa family through MAVCO Investments, along with additional working capital provisions

Avenue Capital Group is a global investment firm founded in 1995. The firm is primarily focused on specialty lending, opportunistic credit and other special situations investments in the United States, Europe and Asia. 

MAVCO Investments is a private investment firm of the Murugappa family, focused on strategic, long-term investments across diverse sectors, including real estate, infrastructure, and financial services.

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