Juris Corp advises DEG and BanyanTree in acquiring a minority stake in Deepak Fasteners

DEG, one of the Europe's largest development finance institutions has acquired a minority stake in Deepak Fasteners Limited (DFL), a manufacturer of specialty industrial fasteners. BanyanTree Growth Capital LLC, a Mauritius based private equity fund, invested Rs. 70 crore ($15 million) in DFL in June this year. BanyanTree will have Board representation in DFL. Juris Corp acted as the sole legal counsel to DEG and BanyanTree with a team led by Partner Vandana Sekhri along with Associates Aditi Manchanda and Sumitava Basu. DFL was represented by their in-house counsel in the DEG transaction. Rajani Associates advised DFL in receiving funds from BanyanTree with a team led by Founder and Managing Partner Prem Rajani.

Juris Corp advises DEG and BanyanTree in acquiring a minority stake in Deepak Fasteners barandbench.com Thu, Nov 11, 2010