JSA advised Rental Yield Plus Fund managed by Edelweiss Alternatives on the acquisition of MMTP Projects Private Limited (“MMTP”) for over INR 1,500 crores.
Edelweiss Alternatives is one of the largest alternatives platforms in India. MMTP, earlier owned by the MFAR group, owns and operates 1.1 million square feet of gross leasable area within the larger Manyata Tech Park – a prominent technology park in Bengaluru housing multiple office spaces for companies from various sectors. The acquisition of MMTP is in line with Edelweiss’ larger strategy of aggregating high-quality Grade A/A+ office assets into a larger portfolio of commercial office assets across pivotal office micro-markets in key cities.
JSA served as Edelweiss’ counsel on this transaction and advised them on all aspects of the acquisition, including, due diligence, providing regulatory advise, structuring, drafting and negotiating the relevant transaction documents and support on the closing.
Our Transaction Team Comprised Joint Managing Partner – Vivek K Chandy, Partner – Ajay G Prasad and Senior Associate – Soham Roy.
Our Real Estate Team Comprised Joint Managing Partner – Vivek K Chandy, Partner – Karthik BM, Principal Associate – Lakshmi Baradwaj H S, Associate – Spoorthi Krishna.
Our Power and Regulatory Team Comprised Partner – Megha Arora and Associate – Abhishek Rohatgi.
Our Banking and Finance Team Comprised Partner – Anjana Potti, and Senior Associate – Shivpriya Gurtoo.
Other Support, Including Due Diligence Team Partner – Preetha S, Associates – Aishwarya Manjooran, Ajith Kidambi and Thomas G Kolath, Company Secretary – Megha Kumari.
Ajay is a corporate-commercial lawyer specializing in M&A, private equity & venture capital, corporate restructuring & reorganization. and general corporate advisory.