Srinivas S. Kaushik, P.C.
Overview
Srinivas Kaushik focuses on domestic and international mergers and acquisitions, leveraged buyouts and growth capital investments. Principal clients include Apax Partners, BC Partners, Bain Capital, Lincolnshire Management, MSD Partners and Warburg Pincus. Srinivas also regularly represents portfolio companies of clients with respect to general corporate counseling and transactional matters.
Srinivas is considered to be "fantastic at dealing with and looking after clients" and is praised as a "very hard worker. He is smart, organized and practical" per Chambers. According to Chambers Global, one peer remarked, “he's one I would be very positive about, a brilliant lawyer.” From 2019–2022 he was recognized as a “Notable Practitioner” for Banking; M&A by IFLR1000. Recently, he was named a "Private Equity MVP" in Law360's "MVPs of the Year" for his work on some of the year's most high profile and complex deals.
In addition, Srinivas leads the Firm's India practice where he has represented the Firm's clients in a number of acquisition/buyout and investment transactions in Indian companies, including in the largest leveraged acquisition to date. Srinivas is ranked in Band 1 by Chambers & Partners among lawyers with respect to investment funds investing in India.
Srinivas also serves on various Firmwide committees including the Business Development Committee, the Finance Committee, the Partner Review Committee and the Associate Review Committee.
Experience
Representative Matters
Brookfield Business Partners it its purchase of Everise from Everstone
Genius Sports Group in its $1.5 billion business combination with dMY Technology Group, Inc. II
Lexitas in its acquisition of Registered Agent Solutions Inc.
Hg Saturn 2 as a majority investor in the recapitalization of Sovos
Vista Equity Partners in its $1.5 billion investment in Jio Platforms
Apax Funds in the acquisition of Coalfire
Apax Funds in their acquisition of Lexitas
Funds advised by BC Partners in the recapitalization of GardaWorld
Warburg Pincus in their investment in Indecomm
AssuredPartners and Apax VIII in the sale of AssuredPartners to an investor group led by GTCR
Bain Capital in the acquisition of Brillio, a global digital technology consulting and solutions company
Lincolnshire Management in the dual acquisition of Powerhouse and Security Vaultworks
Apax Funds in their investment in Fractal Analytics, a global provider of AI to Fortune 500 clients
GlobalLogic and Apax Funds on sale of Apax Funds' stake in GlobalLogic to Partners Group
Bain Capital in its US$1 billion investment in Axis Bank
Apax Funds on their acquisition of Healthium MedTech
Sale of GENEX, a portfolio company of Apax Funds, to Stone Point Capital
Sale of Holley–MSD, a portfolio company of Lincolnshire Management
Apax Funds in their acquisition of Thoughtworks, Inc.
GlobalLogic and Apax Funds on investment in GlobalLogic by CPPIB
Consortium of Bain Capital and GIC in their acquisition of a minority interest in QuEST, a global engineering solutions provider
Sale of AMPORTS, a portfolio company of Lincolnshire Management
Maxis Communications Berhad in the aborted $9.5 billion merger between Aircel and Reliance Communications’ Indian wireless business.
IGATE Corporation in its $4.04 billion sale to Capgemini
Apax Funds in the acquisition of Ideal Protein, a leading weight loss protocol
Sale of National Pen, a portfolio company of Lincolnshire Management, to Cimpress
Holley, a leader in the performance of aftermarket auto parts industry and a portfolio company of Lincolnshire Management, in the acquisition of MSD
Bain Capital in its disposition of its investment in Hero Motors, one of the largest PE exits in India
Apax Funds in the acquisition of a minority stake in Zensar Technologies
Apax Funds in its acquisition of a 20.4% stake in Shriram City Union Finance from TPG
Infosys Limited in its $200 million acquisition of Panaya, Inc., a leading provider of automation technology for large scale enterprise software management
Infosys Limited in its minority investment in a Dreamworks Animation entity
TriZetto Corporation, a portfolio company of funds advised by Apax Partners, in its $2.7 billion sale to Cognizant Technology Solutions Corp.
Apax Funds in the acquisition of a minority stake in Cholamandalam Investment and Finance Company
Apax Funds in the acquisitions of GENEX Services for an undisclosed amount
Lincolnshire Management in the acquisition of AMPORTS for an undisclosed amount
Bain Capital in its acquisition of a minority stake in Emcure from Blackstone
Apax Funds on the dual acquisitions of One Call Care Management and Align Networks to create the largest specialty network for workers compensation claims
Apax Funds and ODSA Topco, a company backed by Apax Partners, in the acquisition of GlobalLogic
Apax Funds and Hub International in the $4.4B sale of Hub International to Hellman & Friedman
Apax Funds in its exit from Apollo Hospitals for an undisclosed amount
Management of Union Square Hospitality Group, a leading restaurant development group with ownership of Gramercy Tavern, Shake Shack and other leading restaurants, with respect to a minority investment by Leonard Green
Lincolnshire Management with respect to its acquisition of National Pen for an undisclosed amount
iGATE in its successful $250 million plus delisting offer of Patni Computer Systems, the first cross border tender/delisting offer to delist a company listed in both the U.S. (NYSE) and India
Lincolnshire Management in its acquisition of True Temper, the market leading manufacturer of golf club shafts as well as performance sports products, for an undisclosed amount
Lincolnshire Management in its investment in PADI Worldwide, the market leader in training and certification of recreational SCUBA divers and SCUBA diving instructors, for an undisclosed amount
iGATE in its $1.3 billion acquisition of a majority stake in Patni Computer Systems Ltd and the related $330 million PIPE investment by Apax Funds
Bain Capital in its $600 million investment in the Hero Group in connection with the Hero Group's buyout of Honda from Hero Honda
Lincolnshire Management in its investment in Allison Marine for an undisclosed amount
Lincolnshire Management in its acquisition of Phoenix Brands for an undisclosed amount
Lincolnshire Management in its PIPE investment in and $200 million plus exit from Wabash National Corporation
Vestar Capital Partners and Birds Eye in the $1.3 billion sale of Birds Eye
Lincolnshire Management in its acquisition of Delta Connection Academy and Aerosim Technologies
Welsh, Carson, Anderson & Stowe in the $4.2 billion acquisition/equity investment in Asurion Corporation
Falcon Investments in its PIPE investment in Princeton Review
Bain Capital in its investment in privately-held Indian clothing firm Lilliput Kidswear
Lincolnshire Management in the formation of Lincolnshire Equity Fund IV, a $835 million PE fund
Bain Capital in its $124 million investment in Himadri Chemicals
Larsen & Toubro in its unsuccessful bid to acquire Satyam Computers
Soros Investment Funds in a number of investments in India
Lincolnshire Management in its acquisition of The Alaska Club
Lincolnshire Management in its acquisition and sale of AMPORTS
Lincolnshire Management in its sale of Bankruptcy Management Solutions
Falcon Investments in its minority investment and exit from 21C Processing Company
Evolvence Capital, in the formation of Evolvence India Fund, the first India focused fund of funds and a number of underlying investments
Evolvence Capital in the formation of its $150 million Evolvence India Life Sciences Fund
GTCR Golder Rauner in its leveraged buy out of Zenta Limited, an Indian BPO for $100 million — one of the first ever LBOs of an Indian company — and in the follow on acquisition of Global Realty Outsourcing
Cranes Software, a Bangalore based listed company, in its GDR offering
More
Thought Leadership
Seminars
Panelist, “Structuring issues pertaining to cross-border M&A deals,” M&A in India — New Opportunities and Challenges in a Dynamic India, Mumbia, India, March 9–10, 2018
Moderator, “Adding Value Through Differentiation,” 24th Annual Columbia Business School Private Equity Conference, New York, NY, February 23, 2018
Speaker, “The Changing Landscape of M&A In India,” Mumbai, India, March 18–19, 2016
Panelist, “Emerging Markets Investing,” 18th Annual Columbia Business School Private Equity & Venture Capital Conference, New York, NY, February 3, 2012
Panelist, “Doing Business in Asia,” Harvard Business School PE Conference, Cambridge, MA, February 13, 2010
Panelist, “Doing Business in South Asia: Career Opportunities and Issues for American Lawyers,” South Asia Heritage Week at Northwestern University School of Law, Chicago, January 30, 2007
Guest Lecturer, “Private Equity Transactions in Emerging Markets: The Indian Case,” London Business School, Venture Capital & Private Equity Class, London, September 13, 2006
Panelist, “Due-Diligence, Structuring, & Negotiating in India — Lessons Experienced Dealmakers Have Learned About Getting Deals Done Right,” 1st Annual Capital Roundtable MasterClass on Doing Deals in India, New York, July 27, 2006
Chair and Workshop Leader, “Mechanics of Setting up a Fund to Invest in India,” organized by the Capital Roundtable on July 26, 2006 in New York
Lecturer, “Private Equity in India: Transactions and Funds,” London Business School, Private Equity Class, September 13, 2006
Credentials
Admissions & Qualifications
- 1999, Bar Council of India
- 2001, New York
- 2002, Admitted to practice as a Solicitor of England and Wales
Languages
- English
- Hindi
- Kannada
- Tamil
Education
- University of Chicago Law SchoolLL.M.with Honors1999
- McGill UniversityLL.M.1999
Max Stern Fellowship
Chief Justice Greenshields Scholarship
John and Edmund Day Award
- National Law School of India UniversityB.A.; LL.B.Honors1997
Lady Templeton Award
Co-Editor, National Law School Journal