Pioneer Legal

India

Analysis

Overview

Pioneer Legal was set up only one year ago by Satish Kishanchandani, one of the co-founders of DSK Legal. Now, the numbers stand at four partners, three counsels and 15 associates, with the firm rapidly gaining recognition for its high-quality corporate and private equity work. The team works across a swathe of sectors like education, advertising, healthcare, pharma, financial services and logistics. Apart from the corporate focus, the firm is also active in employment, insurance, IP, infrastructure, project finance and TMT matters. The firm has national expansion plans and will soon start its commercial litigation and arbitration practice in Mumbai.

Private equity
Work highlights

Acted for US-based private equity firm TA Associates on its acquisition of 35% of Indira IVF Hospital, a company offering fertility treatments pan-India.

Advised True North Managers and True North Trusteeship as the trustee of the True North Fund III-A as investors to Adani Logistics on its acquisition of Innovative B2B Logistics Solutions.

Represented Gaja Capital in the investment in EuroKids Group by KKR Asia.

Advised True North Fund and its SPV, Activ Pine Fund, on its subscription of a minority stake in Biocon Biologics India.

Assisted Tata Capital in acquiring an additional stake in a target company through a subscription of further shares.

Corporate and M&A
Work highlights

Advised unlisted Sumitomo Chemical India on its reverse merger with listed company Excel Crop Care (ECC). Post-merger, the client was required to issue and allot shares to the shareholders of ECC, in accordance with the share exchange ratio provided under the scheme of merger. After, the shares of SCIL would be listed on the Bombay Stock Exchange and the National Stock Exchange. The significance this matter is that reverse mergers are not common in India, where the last notable reverse merger in India occurred in 2001.

Represented Dentsu Aegis Network India on its 87% acquisition of share capital of target, Ugam Solutions, through the purchase of equity shares from the sellers under the provisions of a share purchase agreement.

Key clients

Shobiz Experiential Communications