Deal CornerNovember 22, 2023 NDA represents Lingotto (Exor NV) in the acquisition of a significant stake in TVS Industrial and Logistics Parks Pvt. Ltd and commencement of a strategic partnershipDEAL BRIEFLingotto, an investment fund owned by Exor NV, (“Lingotto”) acquired a significant stake in TVS Industrial and Logistics Parks Pvt Ltd (TVS ILP), a part of TVS Mobility Group (“TVS ILP”). TVS ILP, established in 2005, specialises in Grade A warehousing and logistics solution with approximately 20 million sqft platform with a diverse clientele encompassing industry leaders in sectors such as FMCG, FMCD, 3PL’s, e-commerce and many more. The strategic partnership involved purchase by Lingotto of stake from:
The secondary transactions took place at an enterprise value of INR 28 billion (approx. USD 340 million). Exor (Lingotto’s parent) has diverse investment portfolio which includes Ferrari, Juventus Football Club and Christian Louboutin amongst others. OUR ROLEWe at Nishith Desai Associates, acted as the counsel to Exor and advised on the legal, tax and regulatory aspects of the transaction. TEAM
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