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Avnish Sharma

Partner at Khaitan & Co

Lawyer

New Delhi

Deal Bio

Total Deals20

Valued Deals14

Total Value£ 10.32 B

Avg. Deal Size£ 737 M

Market Context

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17 Dec 2019|India|Specialty Retailers

Target: BP RELIANCE JOINT VENTURE

Bidder: RELIANCE INDUSTRIES LIMITED (RIL)

4 Service Providers

4 Bidder

44 Dealmakers

44 Bidder

n/a

Value

02 Nov 2020|Malaysia|Health Care Facilities

Target: COLUMBIA ASIA HOSPITALS PRIVATE LIMITED

Bidder: MANIPAL HEALTH ENTERPRISES PRIVATE LIMITED

7 Service Providers

2 Target | 3 Bidder | 2 Vendor

50 Dealmakers

3 Target | 43 Bidder | 4 Vendor

£ 217 M

Value

24 Feb 2021|India|Renewable Energy Equipment

Target: RENEW POWER PRIVATE LTD

Bidder: RMG ACQUISITION CORP II

27 Service Providers

9 Target | 7 Bidder | 11 Vendor

111 Dealmakers

53 Target | 38 Bidder | 23 Vendor

£ 5.68 B

Value

26 Feb 2021|India|Brewers

Target: MOLSON COORS INDIA

Bidder: INBREW HOLDINGS

4 Service Providers

3 Bidder | 1 Vendor

14 Dealmakers

13 Bidder | 1 Vendor

n/a

Value

28 Oct 2021|United States|Vending and Catering Service

Target: SEAGA MANUFACTURING

Bidder: DOMINUS CAPITAL

5 Service Providers

2 Target | 3 Bidder

67 Dealmakers

7 Target | 61 Bidder

n/a

Value

18 Jan 2022|India|Machinery: Specialty

Target: ADDVERB TECHNOLOGIES

Bidder: RELIANCE INDUSTRIES LIMITED (RIL)

3 Service Providers

1 Target | 2 Bidder

24 Dealmakers

2 Target | 22 Bidder

£ 96 M

Value

21 Feb 2022|India|Pharmaceuticals

Target: JAGSONPAL PHARMACEUTICALS

Bidder: CONVERGENT FINANCE LLP

4 Service Providers

3 Target | 1 Bidder

21 Dealmakers

23 Target | 1 Bidder

£ 26 M

Value

01 Mar 2022|India|Clothing and Accessories

Target: ABRAHAM & THAKORE

Bidder: RELIANCE RETAIL VENTURES LIMITED

5 Service Providers

2 Target | 3 Bidder

16 Dealmakers

3 Target | 13 Bidder

n/a

Value

31 Mar 2022|India|Real Estate Holding and Development

Target: BHARTI REALTY

Bidder: BROOKFIELD PROPERTY GROUP

4 Service Providers

2 Bidder | 2 Vendor

31 Dealmakers

26 Bidder | 5 Vendor

£ 494 M

Value

12 Apr 2022|India|Real Estate Holding and Development

Target: TRIL / CPPIB JOINT VENTURE

Bidder: CANADA PENSION PLAN INVESTMENT BOARD (CPP INVESTMENTS)

4 Service Providers

4 Bidder

28 Dealmakers

28 Bidder

£ 537 M

Value

01 Mar 2022|India|Clothing and Accessories

Target: ABRAHAM AND THAKORE EXPORTS

Bidder: RELIANCE RETAIL VENTURES LIMITED

3 Service Providers

1 Target | 2 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

16 Jan 2024|United Kingdom|Private Equity

Target: ACTIS LLP

Bidder: GENERAL ATLANTIC LLC

15 Service Providers

7 Target | 8 Bidder

92 Dealmakers

40 Target | 55 Bidder

n/a

Value

11 Oct 2023|India|Hotels and Motels

Target: DUET INDIA HOTELS (ITS 9 OPERATING ENTITIES)

Bidder: SAMHI HOTELS

2 Service Providers

1 Target | 1 Bidder

27 Dealmakers

26 Target | 1 Bidder

£ 115 M

Value

19 Aug 2024|India|Alternative Fuels

Target: CONTINUUM GREEN ENERGY

Bidder: JUST CLIMATE

7 Service Providers

2 Target | 4 Bidder | 1 Vendor

69 Dealmakers

12 Target | 57 Bidder

£ 115 M

Value

25 Jan 2025|India|Cement

Target: SAIFCO CEMENTS PRIVATE LIMITED

Bidder: JK CEMENT

4 Service Providers

2 Target | 2 Bidder

15 Dealmakers

6 Target | 9 Bidder

£ 16 M

Value

31 Mar 2025|India|Food Products

Target: HALDIRAM SNACKS

Bidder: TEMASEK HOLDINGS LIMITED

6 Service Providers

2 Target | 4 Bidder

101 Dealmakers

51 Target | 51 Bidder

£ 767 M

Value

10 Feb 2025|India|Hotels and Motels

Target: MAHANANDA SPA

Bidder: CHALET HOTELS

3 Service Providers

1 Bidder | 2 Vendor

8 Dealmakers

1 Bidder | 9 Vendor

£ 49 M

Value

14 May 2025|Germany|Electronic Components and Equipment

Target: FLÄKTGROUP

Bidder: SAMSUNG GROUP

9 Service Providers

1 Target | 4 Bidder | 4 Vendor

78 Dealmakers

1 Target | 37 Bidder | 49 Vendor

£ 1.26 B

Value

27 Jun 2025|India|Paints and Coatings

Target: AKZO NOBEL INDIA LIMITED

Bidder: JSW PAINTS LIMITED

11 Service Providers

1 Target | 6 Bidder | 4 Vendor

126 Dealmakers

1 Target | 54 Bidder | 73 Vendor

£ 894 M

Value

26 Apr 2025|India|Automobiles

Target: SML ISUZU LTD

Bidder: MAHINDRA GROUP

6 Service Providers

1 Target | 3 Bidder | 2 Vendor

32 Dealmakers

1 Target | 29 Bidder | 2 Vendor

£ 48 M

Value