AMSS AZB and Simpson Thacher cement KKRs investment in Dalmia

Private equity giant Kohlberg Kravis Roberts (KKR) invested Rs. 750 crores ($166 Million) in Dalmia Cements to record the largest private equity investment in India’s cement industry..Partner Inder Mohan Singh along with Senior Associates Rudra Pandey and Joyjyoti Misra led Amarchand Mangaldas (AMSS) team that advised Dalmia Cements. The cement company is an old client of AMSS and previously, Managing Partner Shardul Shroff and Partner Inder Mohan Singh have advised Dalmia Cement in their group-restructuring scheme. This scheme is pending before the Madras High Court..As part of the re-structuring Dalmia Cements will demerge its cement business into a separate entity in which KKR will be investing..AZB & Partners led by Ashwin Ramanathan and Essaji Vahanvati advised KKR on Indian legal issues..Simpson Thacher & Bartlett’s (STB) M & A Partner Patrick Naughton and Tax Partner Katharine Moir advised KKR. STB has a long-standing relationship with KKR. Private equity partner David Sorkin was appointed as its first-ever general counsel in 2007 and the firm has advised on several significant transactions of KKR..KKR has been aggressively investing in the Indian market. Late March, the private equity company invested in $200 million (Rs. 910 crore) in Coffee Day Resorts, which was concluded by the AZB – Simpson team along with Tatva Legal.