Indian law firm helps Global Eagle Entertainment in restructuring India operations
J. Sagar Associates lends a helping hand in untangling foreign media company in its global sale and restricting process
Leading Indian law firm J. Sagar Associates (JSA) assisted and advised a foreign media company in successfully overcome the bankruptcy process/
JSA took care of the Indian law aspects of Global Eagle Entertainment Inc. in its global sale and restructuring process as part of its successful emergence from Chapter 11 bankruptcy proceedings.
Global Eagle Entertainment Inc., a leading provider of media, content, connectivity and data analytics to diversified markets with a stake in the Indian market, had run into troubles and was facing bankruptcy process.
The deal involved the sale of Global Eagle Entertainment's India operations to a special purpose vehicle set up by the company's first-lien lender group. The lender group comprised of certain funds managed by affiliates of Apollo Global Management, Inc., Eaton Vance Management, Mudrick Capital Management, Crestline Investors, Inc., certain funds and accounts managed by Sound Point Capital Management, certain funds and accounts managed by Arbour Lane Capital Management, L.P., and certain funds and accounts under management by BlackRock Financial Management, Inc.
JSA team comprised of Lead Partner Sidharrth Shankar, Principal Associate Shweta Gupta and Senior Associate Dhruv Malhotra. JSA operates out of seven offices spread across various Indian cities with a strength of 320 professionals.
Latham & Watkins LLP served as the company's global legal counsel. Greenhill & Co., Inc. served as the company's financial advisor, and Alvarez & Marsal served as the company's restructuring advisor.
Gibson, Dunn & Crutcher LLP served as legal counsel, and Rothschild & Co served as financial advisor to the ad hoc first lien lender group and the new owners of the company.