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US private equity firm TA Associates has acquired a significant minority stake in Prudent Corporate Advisory Services, an Ahmedabad-based independent distributor of mutual funds in a deal worth $40 million, reported ET.
DSK Legal advised TA Associates with a team led by Partner Satish Kishanchandani, along with Pritha Jha, Sanket Jain, and Taskeen Hamid.
The due diligence team of DSK Legal included Shoubhik Dasgupta, Neil Lopez, Tanya Singh and Taskeen Hamid. Insurance advice in respect of the transaction was provided by Shoubhik Dasgupta.
Shardul Amarchand Mangaldas advised Prudent Corporate Advisory Services with a team led by Ahmedabad Partner Pankaj Agarwal along with Yash Kothari.