Monday, 1 January 2018
Alpha Partners, alongwith CBRE as the lead member, closes the sale of ITDC Ashoka Hotel, Jaipur to the State Government of Rajasthan. The transaction is pursuant to the disinvestment drive of the Government of India. Alpha’s role was to structure the transaction to achieve the objectives of the transaction, review of the property related documents, submission of report on possible structures, drafting of transaction documents between Ministry of Tourism and State Government.
Alpha assisted Mayer Brown LLP in representing ARM Inc. in the acquisition of ChaoLogix Inc and Chaologix Technologies India Private Limited which is an Indian subsidiary of ChaoLogix Inc. ChaoLogix is a US based company involved in developing computing architecture and chip sets and was acquired by ARM Inc. by way of a reverse merger and consequently Chaologix India became a downstream subsidiary of ARM Inc. Alpha’s role was to conduct due diligence of the Indian entity, review of merger agreement, assistance in closing and assistance in transition of the Indian business and staff to ARM’s Indian entity.
Alpha has recently been empaneled as a law firm with Industrial Finance Corporation of India (IFCI), Fedbank Financial Services Limited and IFCI Infrastructure Development Limited (IIDL).