Deal Corner
April 01, 2011
Providence Equity Partners made an investment of approximately INR 2.7 Billion in UFO Moviez India Limited

DEAL BRIEF

Providence Equity Partners ("Providence"), through P5 Asia Holding Investments (Mauritius) Limited, made an investment of approximately INR 2.7 Billion in UFO Moviez India Limited ("UFO"), a Mumbai-based company engaged in the business of digital cinema distribution, by way of primary and secondary investment. UFO is the largest digital cinema service provider (via satellite) in the world with about 2,500 screens in operation and has devised and deployed technologies which permit the direct transmission of digital movie files to servers in theatres for direct projection. This was the second round of capital raising by UFO.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel for Providence in this transaction.

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Deal Corner

April 01, 2011

Providence Equity Partners made an investment of approximately INR 2.7 Billion in UFO Moviez India Limited

DEAL BRIEF

Providence Equity Partners ("Providence"), through P5 Asia Holding Investments (Mauritius) Limited, made an investment of approximately INR 2.7 Billion in UFO Moviez India Limited ("UFO"), a Mumbai-based company engaged in the business of digital cinema distribution, by way of primary and secondary investment. UFO is the largest digital cinema service provider (via satellite) in the world with about 2,500 screens in operation and has devised and deployed technologies which permit the direct transmission of digital movie files to servers in theatres for direct projection. This was the second round of capital raising by UFO.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel for Providence in this transaction.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.