Phoenix, Tatva, Proskauer and Travers Smith advise in Gategroup’s acquisition of 74 percent of Skygourmet Catering for $92 million

India Hospitality Corporation (IHC) has sold 74 percent of its interest in airline catering company Skygourmet Catering (Sky) to Gategroup. The deal valued at $92 million (Rs. 411 crore) will see the entry of global leaders in airline and onboard services Gategroup in the lucrative and fast growing airline catering market in India. Phoenix Legal (breakaway firm of Trilegal) acted as the domestic legal counsel for IHC with a team led by Partner Sawant Singh along with Associates Akanksha Midha and Raghuveer Sarathy, whereas the international legal counsels to IHC were London based Travers Smith and US based Proskauer Rose. Tatva Legal (breakaway firm of Dua Associates) represented Gategroup with a team led by Partners Simran Singh and Shishir Sharma along with Associate Seher Ali.

Phoenix, Tatva, Proskauer and Travers Smith advise in Gategroup’s acquisition of 74 percent of Skygourmet Catering for $92 million barandbench.com Fri, Nov 12, 2010