Cyril Amarchand Mangaldas acted as legal counsel for Dai-ichi Life Holdings, Inc. (Daichi Life), for the transaction involving purchase of CCPS amounting to 11.65% of the shareholding of D2C Consulting Services Private Limited (D2C Consulting).
The General Corporate Practice of Cyril Amarchand Mangaldas advised Daiichi Life on the transaction. The scope of work included (i) undertaking due diligence on D2C Consulting and its subsidiaries (ii) review of various transaction documents such as the SSA and the SHA and (iii) advise on the insurance regulatory parts of the transaction since D2C Consulting has a wholly owned subsidiary which is an insurance broking entity.
The transaction team was led by Indranath Bishnu, Partner; Pranjita Barman, Partner; with support from Soumyadipta Chanda, Principal Associate; Anirud Sudarsan R, Principal Associate and Arnav Maru, Associate.
The due diligence was conducted by Soumyadipta Chanda, Principal Associate; Niyati Dholakia, Principal Associate; Soumyaditya Dasgupta, Senior Associate – Designate; Shravan Belsare, Associate; and Arnav Maru, Associate.
As part of the transaction, the purchase of CCPS was done on a fully diluted basis as part of the latest funding round.
The Transaction was signed on 27thJune, 2023 and closed on 30thJune, 2023. _____________________________________________
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 170 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.