Cyril Amarchand Mangaldas (CAM) Acted for Accion Digital Transformation Fund, LP (“Accion”) and The Fundamentum Partnership Fund II (“Fundamentum”) in their investment in Series C round of Epimoney Private Limited, which raised approximately INR 290 crore (USD 35 million) from multiple investors including Nuveen and Maj Invest.
We advised extensively on transaction structuring and regulatory aspects in relation to the investment in the Company which is a non-deposit taking NBFC. The transaction team was led by Ruetveij Pandya, Partner; and Jeeta Nayak, Partner; with support from Sajith Anjickal, Associate; and Sana Sarosh, Associate. The deal team was led by Ritika Rathi, Partner and Sreetama Sen, Partner with support from Nooreen Haider, Principal Associate and Bhadra Nair, Senior Associate. The deal team was further supported by Gauri Devpura, Senior Associate; Poorva Bhatia, Associate; Soumya Gupta, Associate; Aakash Rao, Associate; Meghna Bhaskar, Associate; Sanya Rizvi, Associate; Arunimaa Jaiswal, Associate and Anoushka Soni, Associate in conducting legal due diligence. Sara Sundaram, Partner; with support from Kritika Angrish, Senior Associate; Somesh Lund, Consultant; Soham Bamane, Associate; conducted the anti-bribery and anti-corruption due diligence. Vijay Chauhan, Partner; and Srishti Chhabra, Associate; advised on competition law related aspects of the transaction. Ganesh Kumar, Senior Advisor and Lily Vadera, Senior Advisor; provided their guidance on regulatory aspects of the transaction. The transaction team also received guidance from Cyril Shroff, Managing Partner. The transaction document was signed on 21st August, 2024 and was closed on 12th September, 2024.
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