IFLR1000

Metrod Malaysia/MetTube Malaysia $115 million acquisition of The Leela Goa

19/9/2015
Private acquisition
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$ 115 million

Completed

19/9/2015

Overview:

  • Metrod Malaysia and MetTube Malaysia has acquired The Leela Goa, from Hotel Leelaventure  for $115 million.
  • The target is a 206 room hotel and five star resort.
  • The deal sees Metrod Malaysia take a 51% stake and MetTube Malaysia taking a 49% stake.
  • The hotel will be transferred to Ceres by way of a slump sale under a business transfer agreement.

 Katrin Kostadinova - Data analyst

Jurisdictions:

India
Malaysia

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sectors:

Real estate
Tourism

Firms:
Baker McKenzie

Party: Mettube (Acquirer)

Lawyers: Andre Gan, Ee Von Teo, Kelvin Poa

Cyril Amarchand Mangaldas

Party: Hotel The Leela Goa (Target)

Lawyer: Cyril Shroff

Khaitan & Co

Party: Metrod Malaysia and Mettube Malaysia (Acquirer)

Lawyer: Kartick Maheshwari

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