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Comfort Investments II, an investment fund managed and advised by affiliated entities of The Carlyle Group is investing US$235 million (approximately INR 1,788 Crores) in Nxtra Data Limited, currently a wholly-owned subsidiary of Airtel.
L&L Partners advised Carlyle on this transaction.
The L&L team was led by Senior Partner Mohit Saraf along with Partners Sundeep Dudeja, Vaibhav Kakkar and Samarth Gupta, Senior Associate Sahil Arora and Associates Debarpan Ghosh and Keshav Pareek.
Freshfields Bruckhaus Deringer acted as international counsel for Carlyle and the team was led by Partner Simon Weller.