IC Universal Legal is an 31 partner-strong firm that excels in private equity and investment funds work. It is consistently lauded as the go-to firm for fund formation work with peers, and clients giving strong market reviews of its dominance in this niche space. It has offices in Bangalore, Chennai, Delhi, Mumbai, Chandigarh and Ahmedabad, and extends its reach to the US and Brazil via its affiliation with US firm Chugh. Apart from its private equity, venture capitalist, credit fund and hedge fund clients, the firm is active among startup companies as well. Industry-wise, the firm has expertise in banking, financial services, insurance, healthcare, industrial engineering, media, pharmaceuticals, IT, real estate and private clients. The firm boasts the highest market share of all the Indian law firms at nearly a third of the Indian investment funds establishment space. This includes private equity, venture capital, credit and hedge fund structuring. Last year, the firm was involved in no less than 45 transactions across different verticals. Joint managing partners Kavitha Vijay and Tejesh Chitlangi, and senior partners Sameena Chatrapathy and Sambhav Ranka are key contacts.
Client feedback
“Highly recommended for their very prompt response time, very crisp advice and approachability of the partner and team working on the project.” – Investment funds
Sameena Chatrapathy
“Very approachable, clear communications and solution mindset.”
Work highlights
Assisted India SME Investments on its $39.22 million investment in SBL Energy.
Advised Fireside Ventures Investment Fund III on its $40 million investment in Intelligent Retail.
Key clients
Assam Hospitals, FirstBridge India Growth Fund, Indiejewel Fashions, Pi Beam Labs, Sixth Sense Ventures, Zephyr Peacock India Growth Fund.
Work highlights
Advised Kinam Engineering Studios on its sale of a majority stake to HLE Glascoat.
Acted for Lendingkart Technologies (LT) and Lendingkart Finance (LF) in relation to a composition transaction that involved a slump sale of Upwards Financial Services to LT and a slump sale of Upwards Capital into LF.
Key clients
Congruent Solutions, Hindustan Foods, Rich Prints, Sustainplus Rise.
