KarthikKumar

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Singapur + 65.6233.5980

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Karthik Kumar is an experienced project development, acquisition, and finance lawyer. He has advised on high-profile renewable energy and infrastructure projects in the Asia-Pacific region since 2003, including on the development, financing, sale, and acquisition of projects in India, Bangladesh, Indonesia, Sri Lanka, Singapore, Taiwan, Vietnam, Thailand, Myanmar, Philippines, China, and Australia.

Karthik acts for a wide variety of clients such as developers, sponsors, borrowers, and financial institutions, including banks and multilateral lending institutions. Karthik has a strong focus on the renewable energy sector with extensive experience in solar, onshore and offshore wind, biomass, and waste-to-energy projects across the region.

Karthik is highly regarded in the market for his in-depth regulatory knowledge and significant transactional experience across Asia-Pacific. Clients say that Karthik: "has been of huge strategic help for us," Chambers Asia-Pacific (2020); is a lawyer with "solid business acumen that when married with his legal advice provides effective solutions for us to address complex problems," Chambers Asia-Pacific (2019); and "is a leader in renewables" and is "known for his project finance capabilities, particularly in the renewable energy segment," Legal 500 Asia Pacific (2019).

Karthik is also recognized as one of the Top 100 International Lawyers by the India Business Law Journal (2020-2021); a Band 1 lawyer in Projects & Energy (International Firms) — India in Chambers Asia-Pacific (2019 to 2021); and recommended as a Projects & Energy and Banking & Finance lawyer in Singapore and India for foreign firms in The Legal 500 (2019 to 2021).

Erfahrung

  • Macquarie Asset Management acquires 50% shareholding in Island Green PowerJones Day advised Macquarie Asset Management ("MAM"), via Macquarie Green Investment Group Renewable Energy Fund 2 ("MGREF2"), in its acquisition of 50% of the shares in Island Green Power Limited, a UK-based renewable energy developer focused primarily on the development of utility-scale solar plants.
  • Riverside invests in PeopleGroveJones Day advised The Riverside Company in the acquisition of PeopleGrove, the leading provider of career mentorship and alumni engagement software for higher education institutions.
  • PTTGC acquires allnex from AdventJones Day advised PTT Global Chemical Public Company Limited in the €4 billion acquisition of allnex Holding GmbH from Advent International.
  • American Pacific Group portfolio company acquires BioTRUST Nutrition® LLCJones Day advised American Pacific Group in connection with the acquisition and financing of BioTRUST Nutrition® LLC, a fast-growing, leading eCommerce nutrition brand with a portfolio of high-quality, science-based products that span protein, collagen, healthy living, anti-aging, and digestive health, by one of its portfolio companies, Wellbeam Consumer Health, LLC.
  • GreatPoint Ventures leads $17 million Series A financing round of Symbl.aiJones Day advised GreatPoint Ventures as lead investor in the $17 million Series A financing round of Symbl.ai, a developer-first platform providing the best in class conversation intelligence (CI).
  • Cardinal Health sells its Cordis business to Hellman & Friedman for approximately $1 billionJones Day advised Cardinal Health in connection with the divestiture of its Cordis business to Hellman & Friedman for approximately $1 billion.
  • Solmax acquires TenCate GeosyntheticsJones Day advised Groupe Solmax Inc. (Solmax), the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications, and its shareholders (including institutional investors Caisse de dépot et placement du Québec and Fonds de Solidarité FTQ), in connection with Solmax’s acquisition of TenCate Geosynthetics Holding B.V., a global provider of geosynthetics and industrial fabrics, from Dutch conglomerate Koninklijke Ten Cate (Royal Ten Cate, the Netherlands), and advised on the related senior secured financing to support the acquisition.
  • Fortino Capital acquires Sigma Conso AsiaJones Day advised Fortino Capital Partners NV in the acquisition of Sigma Conso Asia, the Southeast-Asia distributor of the Sigma Conso consolidation and reporting software.
  • UPL Limited obtains US$500 million sustainability-linked loanIn a first of its kind for an Indian company, Jones Day represented UPL Limited in a US$500 million sustainability-linked loan with a US$250 million greenshoe option, arranged by MUFG Bank, Ltd. and Cooperatieve Rabobank U.A.
  • Twilio acquires ValueFirstJones Day advised Twilio Inc. in its acquisition of ValueFirst Digital Media Private Limited, a leading Indian provider of digital communication solutions through telephone voice and data communications offering services in India and South-East Asia.
  • Major U.S. contractor and technology licensor resolves dispute against Indian licenseeJones Day represented a major U.S. contractor and technology licensor against an Indian licensee in a SIAC-seated arbitration arising out of a long-term technology collaboration agreement.
  • ATN International sells majority stake in Vibrant Energy Holdings Pte Ltd to Blue Leaf Energy Asia Pte LimitedJones Day represented ATN International, Inc. on the sale of a majority stake in its renewable energy subsidiary Vibrant Energy Holdings Pte Ltd to Macquarie owned renewable energy development platform Blue Leaf Energy Asia Pte Limited.
  • QIC invests A$200 million in restructuring of Virgin AustraliaJones Day advised the Queensland Investment Corporation (QIC) on its A$200 million combined debt and equity investment and participation in the A$3.5 billion recapitalization and acquisition out of administration of Australia's second largest airline, Virgin Australia, by Bain Capital.
  • TeleSense raises $10.2 million in Series B roundJones Day advised UPL Limited in its investment into TeleSense, Inc., a California-based company that is revolutionizing grain storage and supply chain, in connection with the $10.2 million Series B fundraising by TeleSense.
  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • Western Digital sells IntelliFlash™ business to DataDirect Networks, Inc. (DDN®)Jones Day advised Western Digital Corp. in the sale of its IntelliFlash™ business to DataDirect Networks, Inc. (DDN®), a global leader in artificial intelligence (AI) and multi-cloud data management.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Investment Technology Group acquired by Virtu Financial, Inc. for $1.0 billionJones Day advised Investment Technology Group, Inc. (ITG) in respect of regulatory and other approvals and notifications in Australia, Hong Kong, and Singapore relating to the acquisition by Virtu Financial, Inc. of ITG in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).

    • The following represents experience prior to joining Jones Day.

    Represented JSW Group in its bid for a greenfield coal mine in Perth, Australia.

    Represented the Indian financial institutions in the restructuring of Enron's Dabhol Power Company, including liaison with government officials, domestic lender groups, and overseas banks in order to reach a settlement and to restart the project, and the consortium of lenders led by IDBI Bank in the refinancing of the Dabhol Power Project in Maharashtra, India.

    Represented an international consortium of bidders led by the GVK Group and South African Airports in its successful bid for developing the Mumbai airport. Subsequently represented Mumbai International Airport Private Limited in the development and privatization of the Mumbai Airport.

    Represented the syndicate lenders led by ICICI Bank in the financing of Karcham Wangtoo hydel power project (1000 MW) in India.

    Represented the World Bank and IFC in the first of its kind municipal financing of a water project in Maharashtra, India.

    Represented the Lanco Group as developers of the Lanco Green Hydel Power Project (70 MW).

    Represented JSW Group as developers in the Raj West Power Project (1000 MW) and advised the developers in the bidding process as well as negotiated the EPC contract and conducting due diligence.

    Represented ICICI Bank in the financing of two national highways in Maharashtra, India.

    September 2020 Reprint

    Insights in De-carbonization Mega-Strategies: Asian Offshore Wind and the Hydrogen Economy (A Word About Wind)

    June 2020 White Paper

    Construction Projects and Disputes: A Look Beyond the Lockdown, Part III

    May 2020 White Paper

    Construction Projects and Disputes: A Look Beyond the COVID-19 Lockdown, Part II

    May 2020 White Paper

    Construction Projects and Disputes: A Look Beyond the COVID-19 Lockdown

    April 2018 Alert

    Proposed Amendments to India's Arbitration Act

    January 2018 Commentary

    India Launches Bid Process for Largest Auction of Oil and Gas Blocks

    January 2018 Commentary

    Vietnam's New Solar PPA: Strong Developer Interest Despite Bankability Concerns

    June 2017 Commentary

    Vietnam's New Solar Power Policy

    Summer 2013 Jones Day Publications

    The Climate Report

    January 2013 Alert

    Update: Indian Government to Adopt Majority of Recommendations of Expert Committee on Indian General Anti-Avoidance Rule
    Weitere Veröffentlichungen

    Vortragstätigkeit

    • April 17-20, 2018
      Power and Transportation in Bangladesh, Sri Lanka and Pakistan, 2018 Jones Day Outbound and Overseas Compliance Seminar Series (One Belt One Road)
    • March 20-21, 2018
      The Fantastic transition to renewables: Is it a Golden Opportunity?, moderator, 4th Annual Asia Pacific Energy & Infrastructure Finance Forum
    • May 8, 2017
      Gas to Power / Renewables in South and South East Asia, panelist, IPFA Event: Moving Away from Coal Fired Power Projects
    • June 9, 2016
      Private Mergers & Acquisitions in South and Southeast Asia

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