{"id":373558,"date":"2026-01-23T13:00:46","date_gmt":"2026-01-23T07:30:46","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=373558"},"modified":"2026-01-23T12:48:26","modified_gmt":"2026-01-23T07:18:26","slug":"cyril-amarchand-mangaldas-advises-triton-kelvion-apollo-transaction","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/23\/cyril-amarchand-mangaldas-advises-triton-kelvion-apollo-transaction\/","title":{"rendered":"Cyril Amarchand Mangaldas advised Triton on the India leg of the sale of its shareholding in Kelvion Thermal Solutions Holding GmbH (&#8220;Kelvion&#8221;) and its identified (direct and indirect) subsidiaries (&#8220;Target Companies&#8221;)"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Triton has sold its majority shareholding in the Target Companies to Apollo-managed funds. As part of the transaction, Triton also indirectly sold its shareholding in Kelvion India Private Limited (&#8220;<span style=\"font-weight: bold;\">Kelvion India<\/span>&#8221;). Triton will maintain a minority interest in Kelvion.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team was led by <span style=\"font-weight: bold;\">Siddharth Vedula<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with support from <span style=\"font-weight: bold;\">Bhavya Arya<\/span>, <span style=\"font-weight: bold;\">Kanishka Iyer<\/span>, and <span style=\"font-weight: bold;\">Naomi Manoj<\/span>, <span style=\"font-style: italic;\">Associates.<\/span><\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Bishen Jeswant<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with assistance from <span style=\"font-weight: bold;\">Soumyashree Chowdhury<\/span>, and <span style=\"font-weight: bold;\">Rohini Dayalan<\/span>, <span style=\"font-style: italic;\">Senior Associates;<\/span> advised on employment aspects of the transaction.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">The transaction included the indirect sale of Triton&#8217;s stake in Kelvion India Private Limited, with Triton retaining a minority interest.<\/p>\n","protected":false},"author":67011,"featured_media":373562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[68835,30960,96049,97369,97368,97367],"class_list":["post-373558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-cam","tag-cyril-amarchand-mangaldas","tag-employment-law-advisory","tag-kelvion-india-private-limited","tag-kelvion-thermal-solutions","tag-triton"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cyril Amarchand Mangaldas advised Triton on the India leg of the sale of 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