Sidley Austin LLP

Editorial analysis
    • Established: 2006

    Sidley traces its involvement with Indian work back to 1984, when legacy firm Brown & Wood advised the Indian Fund, a closed-end investment company organised in the US, to invest in securities of issuers domiciled in India and he first foreign investment fund to be given permission to invest in the country. The firm followed this in 1988 by representing Merrill Lynch in the initial underwriting and subsequent rights offerings of the India Growth Fund, which was the first registered investment company available to the public in the US for investment primarily in Indian equity securities. Over the years, Sidley has represented government institutions (including the government of India), multinational conglomerates, investment funds and commercial and investment banks in a wide variety of investment, capital markets, M&A, trade and related corporate matters involving India.

    Today, the firm’s India work is primarily handled by partners Samir Gandhi and Prabhat Mehta, based in the New York and Singapore offices respectively, whose practices focus closely on securities and private equity. 

    In recent years the firm has acted as offshore counsel for Kae Capital, a Mumbai-based early-stage fund, in connection with raising an offshore fund with a target size of $24 million; represented AIG Highstar Capital II, a unit of American International Group, in its sale of 50 percent ownership interent in InterGen NV to GMR Infrastructure Limited for approximately $1.3 billion; and advised Equity International in connection with its investment of up to $75 million in India's SAMHI Hotels.