Khaitan & Co led Venturi on its $25 million investment in the Dali Group
Venturi Partners Pte. Ltd., a leading investment firm, has made a primary investment of $25 million in Dali Group, a company that owns and operates a chain of over 250 deep discount consumer retail stores in the Philippines.
Khaitan & Co, provided advisory services to Venturi Partners for this significant investment. Serving as the lead instructing counsel, Khaitan & Co oversaw a multi-jurisdictional deal, which involved coordinating and leading the global due diligence process, negotiating the transaction documents, and guiding the local law firms in the Philippines, Singapore, and Switzerland.
The transaction team from Khaitan & Co was led by Karun Cariappa and Kartikeya Prakash, both Partners at the firm. They were supported by Mihir Roy, a Principal Associate, and Sivananda Pingali, a Senior Associate. Additionally, Chaitanya Deshpande and Dhruv Gupta, both Associates, played crucial roles in supervising the global due diligence process.
Karun Cariappa and Kartikeya Prakash spearheaded this international deal, with key participants located across the Philippines, Switzerland, and Singapore. Venturi Partners successfully negotiated for a rights package that grants them governance rights over the Dali Group.
About Venturi Partners Pte. Ltd.: Venturi Partners Pte. Ltd. is a prominent investment firm that focuses on strategic investments in various sectors, including consumer retail. With this $25 million investment in Dali Group, Venturi aims to further strengthen its presence in the Philippine retail market.
About Dali Group: Dali Group is a leading operator of deep discount consumer retail stores in the Philippines. With a chain of more than 250 stores, the company has established a strong foothold in the Philippine retail sector, offering affordable and quality products to its customers.
About Khaitan & Co: Khaitan & Co is a leading full-service law firm with a global presence, known for its expertise in handling complex and multi-jurisdictional transactions. The firm’s involvement in this investment deal showcases its capability to provide comprehensive legal advisory services to its clients across various industries and jurisdictions.
This investment deal between Venturi Partners and Dali Group highlights the growing interest of international investors in the Philippine retail market and underscores the importance of expert legal counsel in facilitating such cross-border transactions.
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