Nishith Desai Associates : Deal Corner
Posted by By nishithadmin at 18 June, at 18 : 34 PM Print
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I-AM CAPITAL SET TO INVEST IN SMAAASH
DEAL BRIEF
I-AM Capital Acquisition Company, a special purpose acquisition company listed on NASDAQ, has entered into definitive agreements to invest an amount upto USD 49 million for approximately 24.5% stake in Smaaash Entertainment Private Limited. Smaaash is a global virtual reality gaming and sports entertainment company, headquartered in Mumbai, India and presently owns and operates over 30 family entertainment centers across India.
Press coverage relating to this transaction is available here.
OUR ROLE
We, at Nishith Desai Associates, acted as transaction counsel to I-AM Capital and advised on strategic and legal aspects of the transaction including the negotiations and deal documentation.
Chambers and Partners: Ranked in Tier 1 for Tax
World Tax (International Tax Review’s Directory): Recommended Tax Firm in India
Legal 500 2018 : Ranked in Tier 1 for Dispute Resolution, Labour & Employment, Investment Funds, TMT and Tax
Fastest Growing M&A Law Firm in India in 2015: MergerMarket
The Most Innovative Law Firm in Asia-Pacific