Collyer Law LLC Recognized in "Deals of the Year 2023" by India Business Law Journal
India Business Law Journal recently published its "Deals of the Year 2023", selecting 50 landmark deals and disputes that closed, or had significant developments, between 1 January 2023 and 31 December 2023. The deals and cases were chosen subjectively from almost 1,000 nominations received from Indian and international law firms and in-house counsel, as well as transactional data from public sources.
Collyer Law was named as one of the law firms assisting Serentica Renewables in its USD 250 million investment by KKR.
Our Managing Director, Azmul Haque, said:
We were delighted to be able to assist Serentica Renewables in this complex, innovative transaction. It is clear that India’s clean energy transition is rapidly underway, benefiting the entire world. Congratulations to all the law-firms in their role in navigating the legal intricacies and ensuring a successful outcome for all parties involved.
KKR’s USD250 million acquisition of an equity stake in green energy developer Serentica Renewables was emblematic of the growing interest in India’s clean energy sector. The deal closed on 15 June 2023, and adds to the USD400 million investment the US private equity firm made in Serentica in November 2022.
Serentica Renewables was established in 2022. It is jointly owned by KKR and Twinstar Overseas, which is held by a holding company of the family trust of Anil Agarwal, the founder of Vedanta. Twinstar Overseas also owns controlling stakes in Sterlite Power Transmission and Sterlite Technologies.
Trilegal, with partner Arnav Dayal, and Collyer Law, led by Azmul Haque and Vincent Bu, advised Serentica Renewables on Indian and Singapore law aspects of the deal, respectively. AZB & Partners, with partners Ashwath Rau and Atreya Bhattacharya, advised KKR. WongPartnership, with partner Quak Fi Ling, advised KKR on Singapore law aspects.
Allen & Overy, with partner Harsh Pais leading, also advised the Vedanta Group, Sterlite and Serentica Renewables. Simpson Thacher & Bartlett, with partners Ian Ho and Erik Wang, advised KKR.
India Business Law Journal's "Deal of the Year" award is a testament to Collyer Law's dedication to excellence and its commitment to providing top-tier legal services to its clients. As the firm continues to expand its presence in India and other key markets, it remains focused on delivering value and strategic counsel to its clients, helping them achieve their business goals.
For more information and to see the other notable deals, click here
