Deal Highlights:

• Malpani Group (MPG), a diversified group having leading presence in theme parks business, has acquired Imagicaaworld Entertainment Ltd. (IEL)
• Acquisition consummated through a debt resolution process, outside of NCLT, under RBI’s Framework for Resolution of Stressed Assets
• MPG acquired c.66.25% stake in IEL through preferential issue of shares worth INR 4,150 mn
• Additional consideration structured in form of equity shares and redeemable preference shares
• This transaction marks one of the few successful resolutions under the RBI Framework for Stressed Assets. Deleveraging of balance sheet has enabled value preservation for equity shareholders, management and employees of IEL

*In terms of area

Our Contribution

• Played the crucial role of hand-holding the client through the complex M&A process involving multiple stakeholders including consortium of 10 lenders and ARC, in addition to IEL shareholders and management
• Devised a transaction structure, within the ambit of the applicable regulations, creating a win-win outcome for all stakeholder – MPG, lenders and IEL management
• Negotiated valuation and commercial terms with lenders and IEL shareholders on behalf of MPG