Traditionally known as a private equity practice, Lexygen’s reputation in the corporate arena has grown in recent years thanks to an increase in the complexity of the deals it has handled and profile of its clientele. The firm is the preferred Indian counsel for several large buyout and growth funds, venture capital funds, multinational corporations and financial institutions. In 2009 the firm established an international office in Singapore, which advises and works closely with Singaporean and multinational private corporations, government-linked corporations, and global private equity funds in connection with their Indian interests, as well as Indian companies seeking expansion or fundraising opportunities in the Asian market.
Founder Vijay Sambamurthi is the former head of the private equity group of Nishith Desai Associates and remains a “first-rate” private fund specialist, according to peers.
In the past the firm has acted for numerous international consortia in multimillion-dollar transactions in India. In 2013 the firm advised a consortium of HarbourVest Partners and Axiom on their purchase, through a secondary spinout, of all the Asian private equity assets of Credit Suisse, which portfolio was then placed under the management of Asia Growth Capital Advisors. More recent noteworthy clients include Advent International, The Carlyle Group, TA Associates, Norwest Venture Partners, Axiom Asia, Morgan Stanley Infrastructure Partners, Omidyar Network, Zephyr Peacock, Baring Private Equity, Bessemer Venture Partners, Sycamore Ventures, Oaktree Capital, HarbourVest Partners, CapAleph Advisors, Changi Airports, Bright Horizons, New Enterprise Associates, Callidus Software, Circor International and Trimont Holdings.