Sarangan Rajesh Kumar

Sarangan’s experience* includes advising on:

Private M&A Transactions:

• KKR on its primary and secondary investment into PHINMA Education, one of the largest private higher education groups in Southeast Asia with colleges and universities in the Philippines and Indonesia.
• NetEase Games on the US$110 million Series D fundraising round of Build a Rocket Boy, a leading independent gaming and entertainment company.
• Gaw Capital Partners, a leading real estate focused private equity firm, on its joint venture with KKR to acquire the Hyatt Regency Tokyo from Odakyu Electric Railway Company. The investment represents a rare opportunity to acquire an iconic full-service hotel in one of the busiest business and retail districts in the world.
• ChrysCapital, a leading investment firm in India, on its acquisition of Xoriant Corporation, a Silicon Valley-headquartered digital product engineering, software development, and technology services firm.
• 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings, on its S$150 million investment in NEON Group.
• Sembcorp Industries on the sale of Sembcorp Energy India, one of the largest power producers in India for US$1.5 billion.
• Flipkart, a leading Indian e-commerce platform, on:
  • its acquisition of Yaantra, an electronics re-commerce platform engaged in the sale of refurbished consumer electronics; and
  • its acquisition of ANS Commerce, a full stack e-commerce enabler that helps businesses sell online.

• Goldman Sachs in its investment in Rebel Foods, an operator of cloud kitchens.

• Bertelsmann India Investments on:
  • its investment in LetsTransport, a last-mile logistics provider; and
  • its investment in Lendingkart, a leading Indian fintech platform.
• Aavishkaar Group, India’s largest homegrown impact investor, on its private placement of equity shares to FMO, the Dutch entrepreneurial development bank.

Public M&A Transactions:

• Everstone Capital in its joint venture with Brookfield Business Partners through an investment of US$202 million by Brookfield in IndoStar Capital Finance, a non-banking finance company.

• IndusInd Bank in a private placement of equity shares for US$453 million to the Tata Investment Corporation, Route One Investment Company, AIA, ICICI Life Insurance Company and Hinduja Capital.

• IRB Infrastructure Developers, an operator of toll roads, in an equity fund raise of US$713 million through preferential allotments to Cintra Global S.E and GIC, Singapore’s sovereign wealth fund.

Public Offerings:

• Brainbees Solutions Limited (Firstcry) on its US$500 million initial public offering of equity shares.
• The underwriters on the US$220 million initial public offering of Indegene Limited.
• The underwriters on the US$145 million initial public offering of India Shelter Finance Corporation Limited.
• The underwriters on the US$165 million initial public offering of SAMHI Hotels Limited.
• Brookfield India Real Estate Trust on its US$280 million qualified institutions placement of units.
• Lead managers on the US$215 million qualified institutions placement of Aditya Birla Capital Limited. Named “Deal of the Year” 2023 by India Business Law Journal.

• Lead managers on the US$690 million initial public offering of the Embassy Office Parks REIT.

• Lead managers on the initial public offering of Barbeque Nation, a casual dining restaurant chain.

*Includes transactions completed prior to joining Sidley.