Deal Street

September 19, 2017

JM Financial Products invests in Vendiman Pvt Ltd


Shardul Amarchand Mangaldas & Co (SAM & Co) advised JM Financial Products on its investment in Vendiman Private Limited. Vendiman provides vending solutions for packaged food & beverages through unmanned/ automated vending machines all across India.

The Merger and Acquisition Group of SAM & CO‘s General Corporate Practice acted as counsel to the investor and facilitated with preparation & negotiation of the transaction documents and closure of the transaction. The transaction team was led by Ms. Vishruta Kaul, Partner who was assisted by Mr. Pratyush Singh, Senior Associate, Ms. Sonali Bhardwaj, Associate and Mr. Manu Gupta, Associate.

The JM Financial Products will hold a stake of nearly 41% in Vendiman Private Limited in 2 tranches, as a part of the transaction.

The parties involved in the transaction were JM Financial Products Limited (Investor); Vendiman Private Limited (Target), its promoters and other shareholders.

Other advisors to the transaction were Veritas Legal (Promoters’ and Company counsel).

The deal was signed on September 1, 2017 and the first closing occurred on September 14, 2017.

Related Post

latest News

  • European Patent Office ignores ruling, refuses entry to judge

    On December 7, Patrick Corcoran, a patent judge on the European Patent Office's (EPO’s) board of appeal in Munich, was refused entry to the EPO’s ...

    Read More
  • Whirlpool India set to acquire 49% stake in Elica PB

    Home appliances manufacturer Whirlpool of India Ltd is all set to acquire 49% stake in kitchen equipment maker Elica PB India Pvt. Ltd for about Rs 16...

    Read More
  • Former Jharkhand CM Madhu Koda convicted: 2007 coal scam

    On December 13, a special court held former Jharkhand Chief Minister Madhu Koda and ex-coal secretary H C Gupta guilty of corruption and other charges...

    Read More