Founded in 1990,
L&L Partners is widely recognised in the Indian legal market. The firm has offices in Mumbai, New Delhi,
Bangalore and Hyderabad.
The banking team regularly advises clients such as corporates,
banks and financial institutions, as well as non-banking financial institutions, and has a well-established project finance practice.
The firm has a historically strong capital markets practice and has worked on significant debt and equity offerings.
The corporate team advises buyers and sellers on both domestic and cross-border matters across various industries.
In projects, the firm acts for various stakeholders such as project developers, contractors, Indian and foreign investors, regulatory authorities, multilateral institutions, international
banks and financial institutions. Key sectors of focus include renewable energy, oil and gas, transport, infrastructure,
utilities and
logistics.
In restructuring, the firm has acted on high-profile insolvency resolution processes and is mandated by domestic and international clients such as insolvency practitioners, acquirers,
applicants and creditors.
A significant banking mandate saw the firm
acted for and
advised the foreign lenders in connection with foreign currency term loan facilities for an aggregate amount not exceeding USD 425 million approx. This was the first external commercial borrowing in the country for captive renewable energy projects hence setting the base for such future deals in the country. Further, the deal also saw international and domestic lenders tie up for the first time in a financing for captive renewable energy projects in the country. The PPA was a dollar denominated PPA which was a first in the country.
On the M&A front, the Firm
advised Novo to acquire a majority stake in Manipal Health Enterprises (Manipal) for USD 3.6 Billion alongside investors Temasek, The California Public Employees’ Retirement System (CalPERS) and TPG Asia. The transaction is a part of the largest private equity deal in the Indian healthcare sector.
In restructuring and insolvency, the Firm acted as legal advisor for the
Chairman of the Monitoring Committee and the Resolution Professional of Educomp Infrastructure and School Management.
This is one of the largest insolvency deals in the education sector and involves advising significantly also on the aspects of litigation across a range of fora.
Radiance Group, Renew Power, Ola Cell Technologies, Orchid Pharma,
Equirus Capital, SBI Capital Markets,
PocketAces Pictures, Novo Holdings A/S, ArcelorMittal Nippon Steel, Hinduja Renewable Energy, GAIL (India), Highways Infrastructure Trust
“Eye for detail, understanding of sector, knowledge of applicable regulations.”
“Problem solving approach, quick turnaround time, wanting to close transactions and providing innovative solutions.”
“Sincerity, & on time response.”
Restructuring and insolvency
“The advice is not strictly professional but also protects the stakeholder personally and futuristically.”
“Himanshi
Bhadoria can prepare good documents.”
“Good at relationship building and provide legal advice.”
“Problem solving, adherence to deadlines, sector knowledge.”
“Prompt and sound legal advice.”
