Private Equity and Venture Capital
Lon & n has been
extensively associated with private equity and venture
capital companies and has experience in the structuring,
drafting, negotiation and contractual closure of their
investments in portfolio companies. On the exit side,
Lon & n has substantial experience in negotiating
and enforcing put and call options, achieving IPO within
the VC context, third party negotiated exits, tag and
drag along exits and litigation driven promoter buyouts.
Our depth of experience has given to us a comprehension
of the legal and commercial issues facing VC funds in
India including especially control, exit option and
exchange control mechanism related issues.
We have represented
a broad spectrum of venture capital companies operating
in the manufacturing (consumer goods, pharmaceuticals,
automotive) services, software, media, web based and
web enabled, and infrastructure segments. Through this
experience, we have developed innovative Indian solutions
to the core concerns of any venture capital or private
equity fund.
Our ‘form’
documents are now standardized leading to lower legal
cost investments for our venture capital clients.
We are experienced
in handling hostile portfolio company situations on
behalf of private equity and venture funds. Specifically,
we have successfully forced resolution of issues though
acceptance of a board seat, through flanking movement
employing the jurisdiction of regulatory authorities,
and through mainstream litigation in the civil courts
and through the Company Law Board.
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