Bar and Bench - Indian Legal news

AZB, ELP, Khaitan, Trilegal, Jones Day, Clifford on Goldman’s 441 crore investment in SAMHI Hotels

Bar & Bench

Goldman Sachs has picked up a significant ‘minority stake’ in hotel development and investment start-up SAMHI Hotels for Rs. 441 crore to help fund its growth plans.

AZB & Partners acted as domestic legal counsel for Goldman Sachs and Clifford Chance, Hong Kong were the foreign legal advisors. The AZB team included Mumbai Partners Nilanjana Singh and Rinki Ganguly and Associate Vijay Manjrekar. The Clifford Chance team was led by Partner Neeraj Budhwani along with Cheris Wong and John Koshy.

Economic Laws Practice acted as domestic legal counsel for SAMHI Hotels while the Singapore office of Jones Day acted as international legal counsel. The ELP team was led by Partners Sujjain Talwar and Darshan Upadhyay along with Associate Partner Aakanksha Joshi and Associate Managers Amruta Kelkar and Kanisha Vora.

Jones Day team included Partners Dennis Barskyand and Karthik Kumar and Associate Caitlyn McCarthy.

Khaitan & Co. acted for GTI Capital, the existing investor with a team led by Principal Associate Arjun Rajagopal and Associate Nidhi Kilawala. Trilegal were the Indian legal advisors to IFC (existing investor) and the team included Delhi Partner Ravindra Bandhakavi, Counsel Vaibhav Kothari and Senior Associate Parnika Malhotra.

SAMHI Hotels has already raised $170 million (over Rs 900 crore ) over the past four years, reports ET.