Cyril Amarchand Mangaldas advises TPG on sale of equity shares of Campus Activewear Limited

Cyril Amarchand Mangaldas advised TPG Growth III SF Pte. Ltd (TPG), in relation to the sale of shares of Campus Activewear Limited for an aggregate purchase consideration of approximately INR 803 crore.

The Capital Markets and Securities Regulatory Practice of Cyril Amarchand Mangaldas advised TPG on the transaction. The transaction team was led by Yash Ashar, Partner & Head Capital Markets; and Vinay Sirohia, Partner, with support from Tanvi Kini, Senior Associate.

Rutu Gandhi, Partner; with support from Kinjal Shah, Senior Associate; and Saurav Das, Associate, advised on the legal and regulatory considerations under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

As a part of the transaction, TPG Growth III SF Pte. Ltd sold 23,207,692 equity shares of Campus Activewear Limited by way of a share sale on the screen-based trading platform of the BSE Limited and the National Stock Exchange of India Limited.

Other Parties and Advisors to the transaction included JM Financial Institutional Securities Limited (acted as the broker) and LLP Latham & Watkins LLP (acted as International legal counsel for the Seller).

The Transaction was signed on 24th March 2023; and closed on 27th March 2023.

About Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.

The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.

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