Nishith Desai Associates: Deal Corner

Posted by By at 11 January, at 13 : 56 PM Print

January 11, 2023

EXOR MAKES INVESTMENT INTO ‘myTVS

DEAL BRIEF

Exor Co-invest Fund I ILP (“Exor Capital”) participated in the Series C investment round in ki Mobility Solutions Private Limited (“Ki Mobility”). Ki Mobility’s automotive digital platform, myTVS, is a leading automotive aftermarket business company. Ki Mobility raised a total of INR 690 crores in Series C investment round in which, apart from Exor Capital, Castrol India also invested.

Exor Capital has diverse investment portfolio which includes Ferrari, Juventus Football Club and Christian Louboutin amongst others. The Series C investment by Exor Capital in Ki Mobility is its second investment in Ki Mobility after making an investment of INR 375 crores in 2021.

OUR ROLE

We, at Nishith Desai Associates, acted as the India counsel to Exor Capital and advised on the legal, tax and regulatory aspects of the transaction.

PRESS COVERAGE

https://auto.economictimes.indiatimes.com/news/aftermarket/mytvs-raises-inr-487-cr-from-castrol-and-inr-203-cr-from-lingotto-to-expand-network/96254003

https://www.financialexpress.com/express-mobility/mytvs-raises-rs-690-crore-in-series-c-round-from-castrol-india-and-exor/2914909/

https://inc42.com/buzz/automotive-aftermarket-firm-mytvs-raises-inr-690-cr-in-series-c-round/

https://www.business-standard.com/article/companies/castrol-to-pick-up-7-09-stake-in-tvs-family-s-ki-mobility-for-rs-488-cr-122112500865_1.html

 


Chambers and Partners Asia-Pacific: Band 1 for Employment, Lifesciences, Tax and TMT, 2022

AsiaLaw Asia-Pacific Guide 2022: Ranked ‘Outstanding’ for Media & Entertainment, Technology & Communications, Labor & Employment, Regulatory, Private Equity, Tax

Who’s Who Legal: Thought Leaders India 2022: Nishith M Desai (Corporate Tax – Advisory, Corporate Tax – Controversy and Private Funds – Formation), Vikram Shroff (Labour & Employment and Pensions & Benefits) and Vyapak Desai (Arbitration)

Benchmark Litigation Asia-Pacific: Tier 1 for Tax, Labour and Employment, International Arbitration, Government and Regulatory, 2021

Legal500 Asia-Pacific: Tier 1 for Tax, Data Protection, Labour and Employment, Private Equity and Investment Funds, 2021

IFLR1000: Tier 1 for Private Equity and Tier 2 for Project Development: Telecommunications Networks, 2021

FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)

RSG-Financial Times: India’s Most Innovative Law Firm 2019, 2017, 2016, 2015, 2014


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.

Hotline

Related Posts

Post Your Comment

You must be logged in to post a comment.

About Us

Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

Links

Mobile App

.