DSK Legal advised Mizuho Bank Japan on their investment in Kisetsu Saison
DSK Legal advised Mizuho Bank Japan on their investment in Kisetsu Saison
DSK Legal advised and assisted Mizuho Bank (Japan), and its affiliate (together, “Mizuho Bank”) with respect to their investment in Kisetsu Saison Finance (India) Private Limited (“Kisetsu Saison”) by subscription to approximately 15% of the share capital of Kisetsu Saison.
Mizuho Bank is the banking subsidiary of Mizuho Financial Group, Inc. of Japan, one of the world's largest financial service providers, and is one of the three ‘mega-banks’ of Japan and designated as a Global Systemically Important Bank (G-SIB). Kisetsu Saison is a systemically important non-deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India.
DSK Legal advised Mizuho Bank on the structuring of the said transaction in compliance with the applicable regulatory framework, conducted the legal due diligence (including anti-bribery and anti-money laundering diligence) and reviewed the transaction documents from an Indian law perspective.
The deal was valued at ~ INR 1200 Crore (equivalent to JPY 21 Billion or USD 145 Million).
Mori Hamada & Matsumoto acted as the Japanese Counsel for Mizuho Bank.
The engagement Partners for this transaction were Anand Desai (Managing Partner) and Abhishek Singh Baghel (Partner).
Ajay Shaw (Partner) provided critical inputs and advised on queries relating to banking regulations and the structuring of the transaction.
Nakul Batra (Partner) together with Palak Sehgal (Principal Associate), Shivam Sharma (Associate), Aankhi Anwesha (Associate), and Devraj Sood (Associate), conducted the legal due diligence, advised on regulatory concerns and queries regarding structuring, and reviewed the transaction documents.
Vikrant Singh Negi (Partner), Ekta Tyagi (Associate Partner), and Priyamvada Singhania (Senior Associate) conducted the anti-money laundering, anti-bribery and debt recovery due diligence and advised on compliances under related laws.
Gaurav Mistry (Partner) and Akanksha Dubey (Principal Associate) advised on queries regarding capital markets and securities laws.
Abhishek Singh Baghel (Partner), Shivam Sharma (Associate), and Devraj Sood (Associate) conducted the competition assessment on the Target to evaluate the requirement of obtaining prior approval of the Competition Commission of India for the transaction.
