Capricorn Investment Group, LLC (Capricorn), a prominent U.S.-based investment firm, exited its stake in VAS Data Services Private Limited (VAS), the parent company of online retailer “YepMe.” Majmudar & Partners served as legal advisors for Capricorn, ensuring a seamless and legally compliant divestment process.

Facilitating the Transaction

Majmudar & Partners played a critical role in the exit transaction, including:

• Exit Structuring and Taxation Advisory: Advised on structuring the exit transaction to ensure compliance with Indian tax regulations and minimize potential liabilities, while aligning with Capricorn’s global financial objectives.
• Drafting and Negotiation of Transaction Documents: Drafted and negotiated key transaction documents, including the share purchase agreement and ancillary agreements, safeguarding Capricorn’s commercial and legal interests.
• Regulatory and Compliance Guidance: Ensured compliance with Indian foreign exchange regulations, and other corporate and regulatory requirements, facilitating timely and efficient regulatory clearances.
• Due Diligence Coordination: Assisted in reviewing VAS’ corporate and other legal records to ensure accurate representation during the transaction, mitigating post-exit risks.
• Stakeholder Coordination: Worked closely with other stakeholders, including local counsels, the buyer’s legal team, and regulatory authorities, to ensure seamless execution of the transaction.

Capricorn’s exit from VAS and YepMe marked a significant milestone in its investment portfolio strategy. Majmudar & Partners’ comprehensive legal guidance ensured a smooth transition, allowing Capricorn to achieve its exit objectives with minimal risk and maximum compliance.

Majmudar & Partners is a trusted advisor for private equity firms navigating exits and divestments in India. Contact us today to explore how we can provide tailored legal solutions for your transactions.