JSA Advocates and Solicitors (JSA) successfully advised UC Impower Fund (“UC Impower”), the lead investor, and Catamaran Ventures (“Catamaran”) on their Series B funding round in Matel Motion and Energy Private Limited (“Matel”). The round also included participation from Transition VC, an existing investor.
Matel is engaged in the business of designing, developing and manufacturing energy-efficient motors and controllers for industrial, agricultural, defence and automotive applications.
JSA assisted UC Impower on all aspects of the transaction, including advising on the term sheet, conducting legal due diligence on Matel, negotiating and finalising the definitive documents, and advising on pre-closing and closing actions.
JSA also provided end-to-end transaction support to Catamaran, advising on the term sheet, negotiating definitive documents, and assisting until closing.
The JSA transaction team advising UC Impower Fund was led by Gerald Manoharan, Partner and Manuel Jose, Partner with support from Harshita Agarwal, Senior Associate and Shobika Veluprakash, Associate.
The JSA Due Diligence team advising UC Impower Fund comprised Manuel Jose, Partner; Harshita Agarwal, Senior Associate, Prerana Damaraju, Senior Associate; Netra Vasudevan, AssociateShobika Veluprakash, Associate and Shreeya Sucharita, Associate.
The JSA transaction team advising Catamaran Ventures was led by Probir Roy Chowdhury, Partner with support from Moushami Nayak, Associate.
The Series B round had a total value of INR 130 crore.
Gerald (Jerry) has over 20 years of experience as a corporate commercial lawyer and has worked with several clients on diverse matters, including investments, corporate advisory, restructuring, mergers and acquisitions, contracting, dispute advisory and real estate.