Cyril Amarchand Mangaldas (“CAM”) acted as the legal advisor to Mavco Investments Private Limited (Mavco) in relation to their acquisition of Hubergroup jointly with Avenue for USD 310 Million.
CAM also advised Mavnu Investments Private Limited (“Mavnu”) in relation to financing aspects of the transaction.
Mavco is a private investment firm belonging to select members of Murugappa family. Mavnu is an Indian joint venture between Mavco and Avenue Capital Group (Avenue). Avenue is a global investment fund.
CAM also assisted Mavco and Avenue in relation to obtaining the CCI’s approval for the transaction under the green channel route.
The transaction closed in April, 2025.
The transaction was concluded under the guidance of L. Viswanathan, Senior Partner.
The financing was led by Pranav Sharma, Partner; with support from Garima Shahani, Partner; Aditi Bagri, Director – Banking & Finance; Prerna Sachdeva, Senior Associate; Oshin Malpani, Associate; and Hetav Dave, Associate.
The equity and joint venture aspects of the transaction was led by Dhruv Singhal, Partner; with support from Aparna Menon, Senior Associate; Shivangini Singh, Associate; and Bhavya Arya, Associate.
The CCI approval for the transaction was led by Vijay Pratap Singh Chauhan, Partner; with support from Rajat Sharma, Senior Associate; and Samridh Sinha, Associate.
Aviral Sahai, Partner; with support from Palak Singh, Associate; assisted inputs on other aspects of the transaction.
