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Shishir Vayttaden

Partner at Khaitan & Co

Lawyer

Delhi

Deal Bio

Total Deals21

Valued Deals18

Total Value£ 14.02 B

Avg. Deal Size£ 779 M

Market Context

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01 Feb 2019|India|Consumer Lending

Target: AADHAR HOUSING FINANCE

Bidder: BLACKSTONE GROUP INC

9 Service Providers

3 Target | 4 Bidder | 2 Vendor

30 Dealmakers

11 Target | 18 Bidder | 2 Vendor

n/a

Value

12 Oct 2017|India|Mobile

Target: TATA TELESERVICES - BHARTI AIRTEL MERGER

Bidder: BHARTI AIRTEL LIMITED

6 Service Providers

2 Bidder | 4 Vendor

32 Dealmakers

15 Bidder | 17 Vendor

n/a

Value

25 Nov 2019|India|Payments / Commerce

Target: ONE97 COMMUNICATIONS

Bidder: ANT FINANCIAL SERVICES GROUP CO LIMITED

6 Service Providers

1 Target | 5 Bidder

31 Dealmakers

1 Target | 30 Bidder

£ 778 M

Value

09 Sep 2020|India|Diversified Retailers

Target: RELIANCE RETAIL LIMITED

Bidder: KKR & CO

21 Service Providers

2 Target | 15 Bidder | 4 Vendor

81 Dealmakers

1 Target | 72 Bidder | 15 Vendor

£ 4.71 B

Value

22 Aug 2020|India|Insurance Brokers

Target: BHARTI AXA GENERAL INSURANCE

Bidder: ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED

10 Service Providers

3 Target | 4 Bidder | 3 Vendor

47 Dealmakers

18 Target | 23 Bidder | 6 Vendor

£ 470 M

Value

22 Sep 2020|India|Diversified Retailers

Target: RELIANCE RETAIL VENTURES LIMITED

Bidder: KKR & CO

11 Service Providers

5 Target | 5 Bidder | 1 Vendor

74 Dealmakers

14 Target | 59 Bidder | 1 Vendor

£ 586 M

Value

11 Dec 2020|India|Containers and Packaging

Target: PIRAMAL GLASS

Bidder: BLACKSTONE GROUP INC

11 Service Providers

6 Target | 4 Bidder | 1 Vendor

21 Dealmakers

8 Target | 12 Bidder | 1 Vendor

£ 755 M

Value

09 Feb 2022|India|Express Courier / Parcels

Target: XPRESSBEES

Bidder: BLACKSTONE GROUP INC

15 Service Providers

4 Target | 10 Bidder | 1 Vendor

40 Dealmakers

12 Target | 27 Bidder | 1 Vendor

£ 221 M

Value

25 Jun 2022|India|Delivery Services

Target: BLINKIT

Bidder: ZOMATO MEDIA PVT LTD

11 Service Providers

3 Target | 5 Bidder | 3 Vendor

14 Dealmakers

1 Target | 4 Bidder | 9 Vendor

£ 462 M

Value

16 Nov 2022|India|Digital Services

Target: R SYSTEMS

Bidder: BLACKSTONE GROUP INC

10 Service Providers

3 Target | 5 Bidder | 2 Vendor

82 Dealmakers

4 Target | 73 Bidder | 5 Vendor

£ 311 M

Value

26 Dec 2022|India|Pharmaceuticals

Target: SUVEN PHARMACEUTICALS

Bidder: ADVENT INTERNATIONAL CORPORATION

6 Service Providers

3 Target | 3 Bidder

39 Dealmakers

13 Target | 26 Bidder

£ 632 M

Value

19 May 2023|Belgium|Test Inspection and Certification (TIC)

Target: INTERNATIONAL GEMOLOGICAL INSTITUTE

Bidder: BLACKSTONE GROUP INC

11 Service Providers

5 Target | 5 Bidder | 1 Vendor

71 Dealmakers

15 Target | 55 Bidder | 1 Vendor

n/a

Value

12 Jan 2023|India|IT Services: Other

Target: L&T (SMART WORLD & COMMUNICATION BUSINESS)

Bidder: L&T TECHNOLOGY SERVICES

5 Service Providers

2 Bidder | 3 Vendor

26 Dealmakers

14 Bidder | 12 Vendor

£ 77 M

Value

15 Dec 2023|India|Diversified Financials

Target: SHAREKHAN GROUP

Bidder: MIRAE ASSET CAPITAL CO LTD

4 Service Providers

1 Target | 2 Bidder | 1 Vendor

39 Dealmakers

1 Target | 5 Bidder | 33 Vendor

£ 291 M

Value

13 May 2024|India|Mortgage Finance

Target: SHRIRAM HOUSING FINANCE

Bidder: WARBURG PINCUS LLC

9 Service Providers

1 Target | 2 Bidder | 6 Vendor

54 Dealmakers

1 Target | 38 Bidder | 15 Vendor

£ 442 M

Value

07 Jan 2025|United States|Management Consulting

Target: CITRIN COOPERMAN

Bidder: BLACKSTONE GROUP INC

18 Service Providers

6 Target | 5 Bidder | 7 Vendor

50 Dealmakers

16 Target | 32 Bidder | 17 Vendor

£ 1.75 B

Value

13 Mar 2025|India|Real Estate Holding and Development

Target: KOLTE-PATIL DEVELOPERS

Bidder: BLACKSTONE GROUP INC

4 Service Providers

1 Target | 3 Bidder

44 Dealmakers

2 Target | 43 Bidder

£ 103 M

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

21 Aug 2025|United States|Digital Services

Target: NOVIGO SOLUTIONS

Bidder: R SYSTEMS INTERNATIONAL LIMITED

5 Service Providers

3 Target | 2 Bidder

10 Dealmakers

3 Target | 7 Bidder

£ 34 M

Value

19 May 2025|United States|Health Care Services

Target: AGS HEALTH LLC

Bidder: BLACKSTONE GROUP INC

6 Service Providers

1 Target | 4 Bidder | 1 Vendor

24 Dealmakers

1 Target | 23 Bidder | 1 Vendor

£ 1.01 B

Value

14 Jul 2025|India|Clothing and Accessories

Target: VIP INDUSTRIES

Bidder: MULTIPLES ALTERNATE ASSET MANAGEMENT

6 Service Providers

3 Target | 3 Bidder

29 Dealmakers

5 Target | 24 Bidder

£ 481 M

Value