Sidharth Bhasin advises on private equity investments and exits, public and private M&A transactions, and joint ventures.

Mr. Bhasin helps private equity, sovereign wealth, and pension funds, as well as Asian and international corporates on complex cross-border transactions, including:

  • Private equity investments and exits
  • Public and private M&A
  • Joint ventures
  • Fundraising

He regularly works on transactions across the Asia-Pacific region, including in India and Southeast Asia, as well as outbound transactions to the United States and Europe.

Mr. Bhasin has worked in New York, Hong Kong, and Singapore, and was educated in India, the UK, and the US, so brings a global perspective and commercial sensibility to a full spectrum of transactions.

He has developed significant industry knowledge across a range of industries, particularly in the energy and infrastructure (including digital infrastructure) and technology, media, and telecoms (TMT) sectors.

Mr. Bhasin’s regular clients include:

Private Equity

  • Blackrock
  • Caisse de dépôt et placement du Québec (CDPQ)
  • GIP
  • Goldman Sachs
  • ICG
  • I Squared Capital
  • Macquarie
  • OMERS
  • Ontario Teachers’ Pension Plan (OTPP)

Corporates

  • Aditya Birla Group
  • AES
  • Danone
  • GE
  • JERA
  • MIND ID
  • Sumitomo
  • Tata Group

His transactional experience includes advising:

Private Equity

  • ADV Partners in connection with various investments in Asia*
  • An infrastructure fund on its strategic solar power joint ventures across Southeast Asia, Korea, and India*
  • Caisse de dépôt et placement du Québec (CDPQ) in its US$365 million acquisition of a 40% interest in CLP India Private Limited (renamed Apaarva Energy), and follow-on investment in Apaarva Energy*
  • Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board in their co-investment with MBK Partners in the acquisition of shares of Woongjin Coway Co. Ltd.*
  • Canada Pension Plan Investment Board in its co-investment with Anchor Equity Partners Fund I, L.P. and other investors in GEO-Young Corporation*
  • Capital Square Partners (CSP) in connection with its:
    • Acquisition of ESM Holdings Limited, the holding company of the Aegis group, from AGC Holdings Limited, a wholly owned portfolio company of Essar Global Limited*
    • Proposed acquisition of a controlling interest in StarTek and its sale of Aegis, one of its subsidiaries, to StarTek as consideration for such acquisition*
  • Citi Venture Capital International (now The Rohatyn Group) in its investment and subsequent exit from Wuttisak Clinic in Thailand*
  • CX Partners and CSP on:
    • The acquisition of Minacs from Aditya Birla for an enterprise value of approximately US$260 million*
    • The sale of Minacs for approximately US$420 million to Concentrix Global Holdings, a subsidiary of Synnex Corporation, a Fortune 500 company
  • Everstone Capital Partners in the purchase of C3/CustomerContactChannels Holdings by its joint venture vehicle between Everstone Capital Partners III L.P. and Sunrise BPO Pte. Ltd., Everise Holdings (US), LLC*
  • Global Infrastructure Partners on its acquisition of Tower Vision India Private Limited — a business that establishes and maintains passive telecom infrastructure in India
  • Goldman Sachs PIA in its:
    • Initial and subsequent investments (over US$500 million) in ReNew Power Ventures Pvt. Ltd (formerly ReNew Power Wind Power Private Ltd), one of the largest investments in the renewable energy sector in India*
    • Investment into a medical device company in India*
  • I Squared Capital on the investment into an affiliate firm of oil and gas company Atlantic Gulf & Pacific Company (AG&P), a developer of gas distribution networks in India*
  • Intermediate Capital Group on its acquisition of AMP Energy India Private Limited, a renewable energy company
  • NewQuest Capital Partners on its secondary acquisition of certain portfolio companies from Draper Fisher Jurvetson*
  • Norwest Venture Partners:
    • As part of a consortium of private equity investors in a US$425 million investment in Asian Genco, an infrastructure company with power generation assets in India*
    • In its acquisition of an equity stake in the National Stock Exchange of India Limited through the FII route*
  • OMERS Infrastructure in its US$220 million acquisition of a stake in Azure Power from IFC and IFC GIF Investment Company*
  • Ontario Teachers’ Pension Plan Board on:
    • The acquisition of a significant majority stake in Sahyadri Hospitals Group, an India-based private hospital chain in the state of Maharashtra, from the Everstone Group
    • Its investment into Spandana, an Indian microfinance company*
  • Qatar Investment Authority, through wholly owned subsidiary Qatar Holdings LLC, in its acquisition of a minority stake in CITIC Capital Holdings Limited*
  • The Xander Group in a joint venture with APG Strategic Real Estate Pool N.V. (APG) to Invest US$450 million in retail developments in India and the related US$300 million acquisition by the joint venture company Virtuous Retail South Asia Pte. Ltd. of an initial portfolio of three retail assets from a Xander-sponsored fund*
  • TPG Capital on the sale of a stake in Trinugraha Capital, a Luxembourg-based private equity firm, to Bravo Investments Limited in connection with the acquisition of PT BFI Finance, an Indonesia-based multifinance company

M&A

  • A consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their US$370 million strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India
  • Adani Group in its acquisition of Holcim’s stake in Ambuja Cements and ACC, two India-based cement companies; named Best of South Asia Deal Award by Finance Asia Awards 2022 and winner of the IBLJ’s 2022 Deals of the Year: M&A Deal of the Year
  • A Thai wind renewable power producer with respect to its sale process*
  • E2E Serwiz Solutions, a Tata Group company, in its acquisition of the call center business of TRX*
  • General Electric on the sale of its commercial lending and leasing business to a consortium backed by AION Capital Partners*
  • Hyundai Motor India Limited, India’s first smart mobility solutions provider — on the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra
  • JERA Co., Inc. on the sale of its approximately 14% stake in the Paiton Coal Thermal IPP Project in Indonesia to PT Medco Daya Energi Sentosa, a wholly-owned subsidiary of PT Medco Daya Abadi Lestari*
  • Komli Media in its acquisition of ADMAX Network, a digital media business with operations in multiple countries in Southeast Asia*
  • MIND ID on :
    • Its acquisition of an increased shareholding in PT Vale, an Indonesia-based nickel mining and processing company
    • Its acquisition of an interest in PT Vale Indonesia, the largest nickel producer in Indonesia, from Vale and Sumitomo*
  • Morgan Stanley as financial advisor to:
    • The independent committee of the board of Harbin Electric in its management buyout*
    • The special committee of Tongjitang Chinese Medicines Company in its acquisition by Hanmax Investment Limited, Fosun Industrial Co., Limited, and Tonsun International Company Limited*
  • ORIX Corporation in its capacity as a member of a consortium in the consortium’s leveraged acquisition of a controlling stake in a listed commercial bank in Taiwan, for approximately US$680 million*
  • PETRONAS on Saudi Aramco’s US$8 billion investment in the RAPID Refinery and Petrochemical project in Malaysia*
  • Potential targets and special purpose acquisition companies (SPACs) on de-SPAC opportunities in Asia*
  • PTT and PTTEP on its various strategic M&A transactions in Thailand and across Southeast Asia*
  • ST Telemedia Globe Data Centres, one of the world’s fastest-growing data centre providers, headquartered in Singapore, on the joint venture with Globe Telecom and Ayala Corporation to develop, construct, and operate data centre projects in the Philippines
  • Tata Coffee in its US$220 million acquisition of Eight O’Clock Coffee in the United States from Gryphon Partners*
  • Tata Technologies in its US$100 million tender offer and acquisition of INCAT plc, a UK public company*
  • The Special Committee of China Fire & Security Group in a buyout by Bain Capital*
  • The Special Committee of China Transinfo Technology Corporation in a take-private transaction*

Venture Capital

  • Caisse de dépôt et placement du Québec (CDPQ) as lead investor on the US$105 million Series D funding round of CleverTap, a leading global B2B SaaS platform for customer engagement and retention
  • Jungle Ventures Pte Ltd, through its second fund vehicle Jungle Ventures II Investment Holding Pte Ltd, in its Series A investment in Deskera Holdings*
  • Merrill Lynch on its investment in Monsoon Multimedia, an India-based company that manufactures, develops and sells video streaming and place-shifting devices*
  • Merrill Lynch on its investment in Zoom Entertainment Network, an entertainment company based in India*
  • Merrill Lynch on its investment in Bluechip Corporate Investment Centre, an insurance brokerage*
  • CLSA on its investment in Orind Global Holdings*
  • Norwest Venture Partners in its acquisition of a 10% interest in Thyrocare Technologies Limited from certain of its shareholders*

Capital Markets

  • The underwriters in connection with the NASDAQ listing and initial public offering of MakeMyTrip Limited, the largest online travel company in India*
  • The underwriters in connection with the US$145.5 million registered follow-on equity offering by MakeMyTrip Limited and certain selling shareholders*
  • The underwriters, led by Morgan Stanley and Deutsche Bank, in connection with US$126 million follow on equity offering by MakeMyTrip Limited*
  • A large Indian IT company in its proposed high yield bond offering*
  • The underwriters in connection with the US$231.9 million initial public offering by Oberoi Realty Limited which comprised a Rule 144A/Regulation S international placement and public offering in India and listing on the Bombay Stock Exchange and the National Stock Exchange of India*
  • Deccan Chronicle Holdings Limited in a US$49 million private placement of shares to qualified institutional buyers*

Restructurings

  • Aditya Birla in restructuring its cement business by way of a demerger of the cement business from Grasim (under a scheme of arrangement) followed by a merger of the demerged business into UltraTech (under a scheme of amalgamation)*
  • Tata Technologies in its corporate restructuring in the United States, Europe, and Asia Pacific regions*

*Matter handled prior to joining Latham

Bar Qualification

  • New York

Education

  • LLM, Cornell University
  • LLB, University of Wales, Cardiff
  • Bachelor of Commerce, University of Delhi
    with honors