DSK, NDA, CAM lead on NSPIRA $75 million fund raise from Morgan Stanley PE
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DSK, NDA, CAM lead on NSPIRA $75 million fund raise from Morgan Stanley PE

Bar & Bench

NSPIRA Management Services Pvt. Ltd, which offers services in the education sector, has raised $75 million (around Rs. 515 crore) from Morgan Stanley’s private equity arm and mid-market PE firm BanyanTree Capital.

NSPIRA would use the fresh capital to fund both its organic and inorganic growth plans, reported VCCircle.

DSK Legal acted as the legal counsel for Nspira and the team was led by Partners Partner Satish Kishanchandani and Hemang Parekh along with Principal Associate Anupam Shukla and Senior Associate Ishita Luthra.

Nishith Desai Associates acted as counsel to Morgan Stanley PE and the team was led by Leaders Karan Kalra, Pratibha Jain, Vivek Kathpalia and Aarushi Jain with Atikant Kaur Sahni playing a key role. Leader Simone Reis along with Vinay Shukla advised on the competition law aspects of the transaction.

Cyril Amarchand Mangaldas acted as legal counsel for Banyan Tree, an existing investor in Nspira and the team included Principal Associate Aditi Manchanda and Senior Associate Mahesh Wasadikar.

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