Cyril Amarchand Mangaldas Advised Mizuho Leasing on Acquisition of Additional Stake in Rent Alpha
Cyril Amarchand Mangaldas advises Mizuho Leasing on acquiring additional stake in Rent Alpha.
Cyril Amarchand Mangaldas Advised Mizuho Leasing on Acquisition of Additional Stake in Rent Alpha
Cyril Amarchand Mangaldas (CAM) advised Mizuho Leasing Company, Limited (Mizuho) in the acquisition of an additional stake in Rent Alpha Private Limited (Company) from Bravia Rent Alpha Holdings Limited.Mizuho had acquired a controlling stake in the Company last year and has now made a follow-on acquisition. The Company is the holding company of a non-banking financial company, Capsave Finance Private Limited.
This was a time-sensitive exit that required extensive negotiations around warranties and indemnities, including fund comfort arrangements.
The transaction team at CAM was led by Aditi Manchanda, Partner, with support from Kushal Ramotre, Director - Corporate Transactions, and Anukriti Bhattad, Associate. Dhruv Rajain, Partner, with support from Ananya Mahant, Associate, and Mohini Parghi, Associate, advised on the Competition Law-related aspects of the transaction. Subhojit Sadhu, Partner, with support from Chahat Gupta, Associate, advised on the Finance- related aspects of the transaction. Gazal Rawal, Partner, with support from Anshuman Sugla, Senior Associate, advised on the Regulatory-related aspects of the transaction.
Other parties and advisors to the transaction include Anderson Mori & Tomotsune, which acted as the international law firm for the acquirer.
The transaction documents were signed on 8th August, 2024, and closed on 29th August, 2024.