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Deal Maker of the Year Awards 2013 WINNER - APARNA MITTAL
DEAL: Bigtree Entertainment in five-year online ticketing agreement with PVR Cinemas
NAME: Aparna Mittal COMPANY: Luthra & Luthra Law Offices POSITION: Partner- Corporate/M&A TEL: +91 98108 57166 EMAIL: amittal@luthra.com
BIO
Aparna Mittal, Partner- Corporate/M&A, Luthra & Luthra Law Offices New Delhi, has advised multinational and domestic clients on most significant and complex headline M&A matters including cross border Mergers & Acquisitions, business/ asset transfers, joint ventures, private equity transactions, investment structuring, commercial contracts, franchises, and corporate advisory, each across diverse sectors like healthcare, pharma, insurance, media, hotels, hospitals, oil & gas, IT, wholesale, retail, automotive, real estate, services, mining, and food.
She has been ranked by Chambers and Partners- including as a “Leading Lawyer in Corporate M&A” – by Chambers Asia 2013- alongwith the citation “very responsive and very thorough.”; as ‘Leaders in their Field’ in Corporate /M&A Chambers Asia 2012 alongwith the citation – “able to communicate complex concepts in a clear and meticulous manner. She is highly detail-oriented and responsive, and can meet impossible deadlines”; and by Chambers and Partners in 2010 as “Leading lawyer in Corporate / M&A” and “Associate to Watch: Corporate/M&A –India” alongwith the citation “her energy and ability to get the deal done against all odds make her a highly sought-after associate”.
Her clients include multinationals Abbott Laboratories, Fendi International, Ingredion, Toshiba, AXA- SA, EL-Rothschild, Petronas, Hilton International, Global Infrastructure Partners, F&C REIT Asset Management, Clinton Foundation, and key domestic players Tata group, DLF Retail Brands, PVR Limited. She was lead advisor to Abbott Laboratories, in its USD 3.8 billion acquisition of Piramal Healthcare’s domestic formulation business, which was the largest business transfers in the pharma sector in India.
A B.A.LL.B.(Hons.) graduate from National Law School of India University, Bangalore (2005) (India’s foremost law school), she attended the 45th Academy of American and International Law, Center for American and International Law, Texas (2008). She is a regular speaker at key legal conferences in India and has several publications in national journals and business dailies.
DEAL OVERVIEW
The transaction is a long term strategic alliance between PVR Limited, India’s largest cinema operation/management company, and Big Tree Entertainment Private Limited, which manages the “Bookmyshow” ticketing platforms- for inter alia booking of movie tickets of PVR Theatres on the Bookmyshow ticketing platforms - and other incidental matters. Pursuant to this transaction, PVR Cinema tickets will now be available on bookmyshow.
The team that Aparna led, was extensively involved in advising PVR on drafting and negotiation of extremely complex and nuanced transaction documents, including the ticketing agreement (which was the principal agreement detailing the inter-se relationship between the parties, and the commercials), in the backdrop of significantly sophisticated advice from a contractual law perspective. Given the strategic nature of the alliance between the parties, and the
extremely intricate and complex commercial structure of the deal, the team was required to consistently innovate and devise complicated and novel legal and commercial constructs - and draft unique and elaborate transaction documents. Further,
the
transaction took nearly 4 months of dedicated round the clock work and entailed extensive negotiations between the parties.
Aparna’s work involves advising a wide array of multi- national clients on appropriate strategies in relation to investments in India, drafting and negotiating the entire gamut of definitive agreements and commercial contracts, and advising on various areas of law including regulatory aspects, employment and labour, franchise and distribution and general corporate advisory.
She regularly advices key multinational clients on complex headline M&A matters such as advising on : Abbott Laboratories’ acquisition of Piramal Healthcare Limited’s healthcare solutions business (USD 3.8
billion); Corn Product International’s
acquisition of Akzo Nobel’s starch business (USD 1.3 billion); FENDI International’s operations and joint venture in India; DLF Brands’ (subsidiary of DLF Limited - India’s largest property developer) joint ventures / collaborations with Giorgio Armani, Salvatore Ferragamo,
International and Mothercare; AXA S.A’s
INDIA
Luxottica, Donna Karan joint
ventures with Bharti Enterprises (India) Limited to establish a life insurance and general insurance joint venture companies respectively; Rothschild Trust in relation to the acquisition by Del Monte Pacific Ltd, producers, marketers and distributors of premium food and beverage products of 40.1% stake in FieldFresh Foods Pvt Ltd., the joint venture between EL Rothschild Ltd. and Bharti Enterprises; and F&C REIT Asset Management, a leading focused real estate private equity fund, in its multiple investments across several cities in India.”