Haigreve Khaitan

Haigreve Khaitan, Senior Partner, Khaitan & Co., leads the firm’s Corporate/M&A and Private Equity practice, and is an elected member of the National Executive Committee responsible for its strategic growth and development. He is also one of the co-founders of Khaitan & Co.’s Mumbai office and advises companies, boards of directors and financial institutions on a wide range of corporate matters including M&A, private equity investment, corporate governance, corporate restructuring and securities laws. His key practice areas include Corporate and Commercial, Mergers & Acquisitions, and Private Equity. Mr Khaitan has been involved in some of the most high profile and complex M&A and private equity transactions in India, and is sought after for his expertise by some of the most prominent Indian promoters, Indian and international companies and Indian regulatory agencies as well as some of the largest global funds investing in India. He advises a range of large Indian conglomerates and multinational clients across financial services, manufacturing, retail, infrastructure, steel, software and information technology.

Mr Khaitan has worked on various M&A including Reliance Industries Limited on internal restructuring and multiple large acquisitions in the oil and gas and digital/TMT sectors; Aditya Birla Nuvo and Grasim Industries in a US$ 9 billion restructuring; Aircel and Maxis on their proposed merger with Reliance Communications to create a US$ 9 billion entity; Vedanta Resources and Cairn India on their US$ 2.6 billion merger; iGATE Corporation acquisition of Patni Computer Systems for US$ 1.2 billion; Sterlite Power Grid Ventures in its divestment of 100 per cent stake in multiple entities for US$ 1.66 billion; Zydus Wellness and Cadila Healthcare Limited on their acquisition of Heinz India for c. US$ 650 million; IHH Healthcare Berhad on the acquisition of Fortis Healthcare Ltd. for c. US$ 565 million; UltraTech Cement on the acquisition of Century Textiles from BK Birla for c. US$ 1.2 billion; Usha Martin on the sale of its distressed steel assets to Tata Steel for c. US$ 633 million; and JM Financial Asset Reconstruction Company in Brookfield’s acquisition of Hotel Leela Venture for US$ 550 million. On the private equity front, Mr Khaitan has worked on Apax Partners on the acquisition of a controlling stake in Healthium MedTech by its portfolio company Quinag Acquisition for c. US$ 300 million; the Blackstone Group on exits from Gokaldas Exports Limited, CMS Infosystems, Jagran Prakashan and Gateway Rail Freight, among others; the Ashok Goel Trust on a majority stake sale in Essel Propack Ltd. to the Blackstone Group for US$ 462 million; and Advent International on the acquisition of a controlling stake in Manjushree Technopack from Kedaraa Capital and the promoters.

Mr Khaitan serves as an independent non-executive director on the Board of Directors of several Indian public-listed companies, including Torrent Pharmaceuticals Ltd., Mahindra & Mahindra Limited, CEAT Limited, JSW Steel Limited, Aditya Birla Sun Life Insurance Company Limited, Tech Mahindra Limited, and Gujarat Borosil Limited. Mr Khaitan is a member of various high-level committees such as the National Executive Committee and Capital Markets Committee of the Federation of Indian Chambers of Commerce & Industry (FICCI); Fair Market Conduct Committee of the Securities and Exchange Board of India (SEBI); Competition Law Review Committee of the Government of India; High-Level Consultation with CEOs and Entrepreneurs of the National Institution for Transforming India (NITI Aayog); and Young Presidents’ Organization. His professional affiliations include the Bar Council of West Bengal; Incorporated Law Society, Kolkata; International Bar Association, London; Indian Council of Arbitration; Indian Law Institute; and Bar Association of India.

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