Deal Corner
July 29, 2024
NDA represents Steadview Capital Mauritius Limited in The Pre-IPO Fund Raise by Unimech Aerospace

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

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Deal Corner

July 29, 2024

NDA represents Steadview Capital Mauritius Limited in The Pre-IPO Fund Raise by Unimech Aerospace

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

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.