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Akhil Bhatnagar

Partner at Khaitan & Co

Lawyer

Mumbai

Deal Bio

Total Deals13

Valued Deals8

Total Value£ 4.06 B

Avg. Deal Size£ 507 M

Market Context

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12 Feb 2025|India|Renewable Energy Equipment

Target: AYANA RENEWABLE POWER

Bidder: ONGC NTPC GREEN PRIVATE LIMITED (ONGPL)

6 Service Providers

2 Bidder | 4 Vendor

35 Dealmakers

20 Bidder | 15 Vendor

£ 1.86 B

Value

27 Dec 2024|India|Alternative Fuels

Target: O2 POWER

Bidder: JSW ENERGY

7 Service Providers

1 Target | 3 Bidder | 3 Vendor

47 Dealmakers

1 Target | 29 Bidder | 17 Vendor

£ 1.19 B

Value

03 May 2024|India|Renewable Energy Equipment

Target: FORTUM FINNSURYA ENERGY

Bidder: GENTARI INTERNATIONAL RENEWABLES

2 Service Providers

2 Bidder

6 Dealmakers

6 Bidder

n/a

Value

16 Nov 2023|India|Toll Roads

Target: JORABAT SHILLONG EXPRESSWAY

Bidder: SEKURA ROADS

2 Service Providers

2 Bidder

18 Dealmakers

18 Bidder

£ 130 M

Value

25 Sep 2023|India|Asset Managers and Custodians

Target: MAHINDRA TEQO

Bidder: ONTARIO TEACHERS' PENSION PLAN BOARD

5 Service Providers

1 Target | 2 Bidder | 2 Vendor

13 Dealmakers

1 Target | 1 Bidder | 11 Vendor

£ 17 M

Value

24 May 2023|India|Toll Roads

Target: THRISSUR EXPRESSWAY

Bidder: EDELWEISS GROUP

3 Service Providers

1 Target | 2 Bidder

9 Dealmakers

1 Target | 8 Bidder

n/a

Value

24 Nov 2022|India|Renewable Energy Equipment

Target: 404MWP OPERATING SOLAR PORTFOLIO

Bidder: BLUPINE ENERGY

7 Service Providers

3 Bidder | 4 Vendor

14 Dealmakers

4 Bidder | 10 Vendor

n/a

Value

17 Sep 2022|India|Renewable Energy Equipment

Target: MAHINDRA SUSTEN

Bidder: ONTARIO TEACHERS' PENSION PLAN BOARD

9 Service Providers

1 Target | 5 Bidder | 3 Vendor

39 Dealmakers

1 Target | 12 Bidder | 26 Vendor

£ 262 M

Value

10 Aug 2022|India|Alternative Fuels

Target: MYTRAH ENERGY (RENEWABLE ENERGY ASSETS)

Bidder: JSW ENERGY

4 Service Providers

3 Bidder | 1 Vendor

23 Dealmakers

24 Bidder | 1 Vendor

n/a

Value

07 Jul 2022|India|Toll Roads

Target: NAVAYUGA QUAZIGUND EXPRESSWAY PRIVATE LIMITED

Bidder: NATIONAL INVESTMENT AND INFRASTRUCTURE FUND

5 Service Providers

3 Bidder | 2 Vendor

22 Dealmakers

14 Bidder | 8 Vendor

n/a

Value

12 Jul 2021|United Kingdom|Media Agencies

Target: DAILY MAIL AND GENERAL TRUST PLC

Bidder: ROTHERMERE CONTINUATION LIMITED

7 Service Providers

5 Target | 2 Bidder

26 Dealmakers

18 Target | 8 Bidder

£ 380 M

Value

05 Apr 2021|India|Renewable Energy Equipment

Target: AZURE POWER (NON-CORE SOALR POWER ROOFTOPS PORTFOLIO)

Bidder: EVERSOURCE CAPITAL

3 Service Providers

2 Bidder | 1 Vendor

18 Dealmakers

15 Bidder | 3 Vendor

£ 53 M

Value

27 Apr 2020|India|Renewable Energy Equipment

Target: SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL (FIVE SOLAR ENERGY ASSETS)

Bidder: KKR & CO

13 Service Providers

7 Bidder | 6 Vendor

33 Dealmakers

19 Bidder | 14 Vendor

£ 166 M

Value