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Jones Lang LaSalle India Wins M&A Deal of The Year Award 2011 at the India M&A Atlas Awards

Jones Lang LaSalle India has been awarded the India M&A Deal of the Year award in the Middle category at the Annual India M&A Atlas Awards 2011 held in Mumbai recently.

Jones Lang LaSalle received the award for its role as the sell-side advisor on behalf of Kotak India Real Estate Fund on its sale of Peepul Tree Properties Pvt. Ltd to Tata Realty and Infrastructure Ltd. This transaction was the first exit of a private equity fund from a commercial property estate asset in India.

The India M&A Atlas Awards are part of the Global M&A Atlas Awards which honor outstanding performances for transactions from the mergers, acquisition, alternative and investors communities from all corners of the world.

Commenting on the win, Sanjay Dutt, CEO – Business, Jones Lang LaSalle India said: “This deal has proved that successful exits can happen. It has already generated several enquiries from top private equity firms looking at liquidating their real estate estates in India.”

Shobhit Agarwal, Joint Managing Director, Capital Markets, Jones Lang LaSalle India added: “The early round of investors who made their entry in 2005-’06 have now completed their investment horizons and are ready to exit.In fact, exits started in 2009-’10, with the key driver being the return of capital to investors in a fund, largely driven by the global financial crisis. At that time, the most active funds exiting were US-based funds. Today, the drivers for exit are either the next round of fund raising or opportunistic exits.”

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