Deal Corner

DEAL BRIEF

Steadview Capital Mauritius Limited (“Steadview”) participated in the pre-IPO fund raise of approximately INR 250 Crores (USD 29 Million) by Bangalore based Unimech Aerospace and Manufacturing Limited (“Unimech”) along with two other investors ValueQuest Scale Fund and Evolvence India Fund IV Limited.

Unimech specializes in manufacturing of high-precision tools and equipment for aero-engines and airframes along with high precision components, assemblies, electro-mechanical turnkey systems for the aerospace, energy and semi-conductor industries.

OUR ROLE

We at Nishith Desai Associates, acted as the transaction counsel for Steadview and advised them on legal, tax and regulatory aspects, including negotiation and finalization of the transaction documents and closing of the round.

DEAL TEAM

Harshita Srivastava

Hetal Pandya

Anurag Shah

MEDIA COVERAGE

https://economictimes.indiatimes.com/ tech/funding/unimech-aerospace-raises-rs -250-crore-led-by-steadview-capital- others/articleshow/112016365.cms?from=mdr

https://www.moneycontrol.com/ news/business/steadview-capital- two-others-invest-rs-250-crore-in -ipo-bound-unimech-aerospace-12777041.html

https://www.thehindubusinessline.com/ companies/ipo-bound-unimech- aerospace-raises-250-cr/article68441341.ece