Sidharrth Shankar

Sidharrth (Sid) is the co-chair of the corporate practice of JSA with a core focus on private equity and mergers & acquisitions. He has substantial experience advising global private equity funds, multinational corporations, and strategic investors on complex cross-border transactions across a broad spectrum of industries, in particular Life Sciences, Financial Services, Insurance, and Consumer, over the last two and a half decades, with over two decades at JSA itself.

He regularly assists his clients in structuring and executing inbound and outbound investments; joint ventures; strategic alliances; global re-structuring; and portfolio company management. Sid routinely advises clients on foreign direct investment regimes; commercial arrangements; technology transfers; and regulatory compliance in sectors including consumer products, insurance, pharmaceuticals, medical devices, fintech, e-commerce, financial services, and IT/ITeS. Sid has been involved in some of the most interesting deals in life sciences, healthcare, pharmaceuticals, technology, financial services, consumer, manufacturing and green investments, and has played a key role in some of the largest – and award-winning – transactions in these sectors in India.

He has consistently provided sophisticated transactional counsel to diverse clients, including some of the most prominent global financial sponsors and strategics.

Life Sciences Key Deals:

• La Renon Healthcare Private Limited, an Ahmedabad-based pharmaceutical company in relation to the acquisition of stake in La Renon by Creador, White Oak and Siguler Guff. The transaction involved the secondary sale of shares by certain existing shareholders, including the promoter.
• Zentiva on its 100% acquisition by GTCR from its existing investor, Advent International
  GTCR, a Chicago-based private equity firm, has entered into definitive agreements to acquire generic drugmaker Zentiva from Advent International in a transaction valued at €4.1 billion
• Adroit USA Inc., its wholly owned subsidiary – AUSA Medical Devices Private Limited and their promoters, in connection with the 100% sale of Adroit USA Inc. and AUSA Medical Devices Private Limited to Medical Device, Inc. (an entity set up by Arterex for the purposes of the acquisition).

Manufacturing Key Deal Experience:

• AirLiquide India Holding Private Limited on its acquisition of 100% stake in NovaAir Technologies Private Limited and NovaAir Private Limited from PAG-backed sellers.
• UT Pumps & Systems Private Limited on the transfer of its pumps business undertaking to the Indian subsidiary of Ingersoll Rand.
• IDEX Corporation on its acquisition of Mott Corporation and its subsidiaries.
• BekaertDeslee, one of the world’s leading specialists in the development and manufacturing of mattress textiles, mattress covers and on trend sleep solutions: in relation to its investment in CMC Bekaert Deslee Private Limited (a joint venture with the India-based CMC Group).

Consumer & E-Commerce Key Deals:

• Grupo Bimbo on the consolidation of its entities in India (through an NCLT approved amalgamation, and a merger under the ‘fast track’ route).
• Xponentia Capital on its acquisition of stake in ASEGO Global Assistance Limited – flagship company of the ASEGO group and a leading name in the travel assistance and ancillary services space.
• iD Fresh Food (India) Private Limited on the investment by Apax Partners. Apax Partners (through an SPV) proposes to acquire shares from existing shareholders (including Premji and TPG NewQuest).

Financial Services Key Deals:

• Growtheum Capital Partners on its investment in Wonder Home Finance Limited “WHFL”). WHFL is an affordable housing finance company focused on providing secured mortgage solutions to middle-income and emerging homebuyers across India.
• Synova on its investment in Klearcom, a leading global customer experience assurance SaaS provider. Klearcom provides global blue-chip clients with market-leading software supported by a worldwide proprietary network that delivers automated testing and issue-resolution for international contact centres. Synova is recognised as one of Europe’s most innovative growth investors.
• Centrum Housing Finance Limited (“CHFL“) and Centrum Capital Limited (“CCL“) on the sale of CCL’s entire shareholding in CHFL to Weaver Services Private Limited, subject to approval from the shareholders of CCL and CHFL, as well as other requisite statutory and regulatory approvals. Founded by Satrajit Bhattacharya, Weaver has been set up with an intent to enter the affordable home finance space and is backed by marquee investors such as Premji Invest, Light Speed, and Gaja Capital.

• Modern School, Vasant Vihar (1996)
• B.SL, LL. B, Symbiosis Law University, Pune (2001)
• The College of Law, England and Wales
• Private Equity Programme from ISB