India:
I-AM Capital Set To Invest In Smaaash
22 June 2018
Nishith Desai Associates
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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