A medium-sized full service firm with a “strong reputation” among sources internationally, Lawrence Graham set up its India desk in 2005. Group head Sunil Kakkad divides his time between the firm’s London and Singapore offices, and specialises in M&A deals on behalf of UK and foreign public and private companies, stock exchange transactions, inward investment, joint ventures, strategic alliances, private equity and real estate investments, fund structures, and management deals. A further nine lawyers add equity capital markets, funds, banking, IT services, disputes and private capital expertise to the group, which focuses around 80 per cent of its resources on outbound matters from India.
In the past year the team has advised KSK Power Ventur, the London-listed Indian power projects company, on a placing of shares with institutional investors and their subsequent listing on the London Stock Exchange,that raised approximately £39.5 million. Other clients include Acorn Global Investments, which the team advised on its successful cash offer for Dhir India Investments; Greenko Mauritius, which the team counselled on an investment by Standard Chartered to support the development of Greenko’s renewable power projects in India; and the State Bank of India acting as arranger and facility agent in the $90 million ECB term loan facility provided to Numaligargh Refinery Limited for capital expenditure purposes.
The team also advised Greenko on a $150 million equity investment by the government of Singapore Investment Corporation in one of Greenko’s subsidiaries to accelerate the construction of Greenko’s Indian power portfolio.
The firm has a formal non-exclusive referral arrangement with Naik Naik & Co in India.