Blackstone to Acquire 40% of Kolte-Patil Developers Limited
03.20.25
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Simpson Thacher represented Blackstone as international counsel in connection with the acquisition of 40% of the equity shares of Kolte-Patil Developers Limited, a listed Indian real estate developer for approximately INR 11.7 billion (US$134 million). The acquisition will also trigger a mandatory open offer for 26% of the emerging voting capital from the public shareholders of Kolte-Patil Developers Limited.
The Simpson Thacher team for the transaction includes Jonathan Hwang, Raymond Kim and Timothy Magarry (Real Estate); Ian Ho (M&A); Étienne Renaudeau (Antitrust); Peter A. Thomas and Richard Zhang (Funds); and Meredith Jones (Tax).