Akhil Bhatnagar

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Akhil Bhatnagar

, Mumbai

Partner | Energy, Infrastructure and Resources, Private Equity

T: +91 22 6636 5000
E: Write to me

education

B.S.L.,LL.B., ILS Law College, Pune, (2006)

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Akhil is a Partner in the Energy, Infrastructure & Resources and focuses on M&A and Projects. Akhil has over 17 years of experience in Corporate Commercial matters, Acquisitions & Joint Ventures and specialises in advising financial and strategic investors on energy and infrastructure projects. Akhil has also actively advised clients on their overseas acquisitions of natural resources including in Africa, Australia and South America.

He has assisted developers in bidding for projects including for dedicated freight corridors, port berth construction and highways and was also involved in consortium agreements and joint bidding agreements. Akhil is also actively involved in bid structuring/modelling infrastructure project development, bidding and acquisitions.

Expertise

Private Equity

Insurance

Professional Affiliations

Bar Council of Madhya Pradesh

Representative Matters

Akhil Bhatnagar has represented and advised the following clients

Mahindra Holdings Limited

Advised on sale of 30% stake in Mahindra Susten (1.5 GW Solar Portfolio) to Ontario Teachers Pension Plan and related structuring and advise on setting up of INVIT

JSW Energy Limited

Advised on its acquisition of ~1.75 GW projects assets from Mytrah group entities

National Investment and Infrastructure Limited and Eversource Advisers Private Limited

Advised on their collective equity investment into a renewable platform of the CDC Group plc. and the inter-se arrangement between the National Investment and Infrastructure Limited and Green Growth Equity Fund for their collective joint venture equity investment.

National Investment and Infrastructure Limited

Advised on acquisition of Navayuga Quazigund Expressway through the NIIF Master Fund at an enterprise value of around $380 million

Shapoorji Pallonji Infrastructure Company Limited

Advised on sale of 4 solar SPVs to Sprng Energy a renewable energy growth platform set up by Actis.

National Investment and Infrastructure Limited and Green Growth Equity Fund

Advised on the collective equity investment into a renewable platform of the CDC Group plc. and the the inter-se arrangement between the National Investment and Infrastructure Limited and Green Growth Equity Fund for their collective equity investment.

Caisse de dépôt et placement du Québec (CDPQ)

Advised on the India leg of USD 75 million investment in Azure Power Global Limited, Mauritius. The investment was made in a concurrent private placement with Azure Power Global's initial public offering. CDPQ now holds a significant minority interest in Azure Power Global.

Tenaga Nasional Berhad

Advised on primary acquisition by Power and Energy International (Mauritius) Limited, a wholly owned subsidiary of Tenaga Nasional Berhad, Malaysia of 30% stake in GMR Energy Limited for USD 300 million.

TNB Topaz Energy Sdn. Bhd.

Advised on investment in equity shares and compulsorily convertible debentures of GMR Bajoli Holi Hydropower Private Limited.

An L N Bangur Group company

Advised on investment by client and an SPV for supply of power to an offtaker on a captive consumption basis.

Nereus Capital

Advised on two turnkey solar power projects in India through its subsidiary in India. Involved in drafting, negotiation and finalization of Erection and Construction Contract, Supply Contract, O&M Contract, Shared Services, Wrap Agreement and Lease Agreement with Rays Infra and Photon.

NMDC Ltd.

Advised on (i) first overseas acquisition of 50% equity stake in Legacy Iron Ore, a listed company on Australian stock exchange; and (ii) acquisition strategy to acquire certain mineral assets (coal & iron ore) in U.S., Australia, Mozambique and Brazil.