Varun Kapila

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  • Monday To Friday
  • 8:00 am - 5:00 pm

Varun Kapila

Varun is a transactional lawyer with 15 years experience and was called to the Bar of England and Wales (Lincoln’s Inn) before cross qualifying as a solicitor. He joined D.V. Kapila & Co. in March 2018, having previously practised with Herbert Smith Freehills LLP in London for 10 years.


Varun started his career specialising in asset management and equity capital markets, before broadening his practice to cover private M&A, restructuring and real estate. His clients include local and international corporates, financial institutions, asset managers, early stage companies and start-ups, funds and family offices. Matters on which Varun has advised during the course of his career include:

General corporate, restructuring, real estate

  • i. Structuring early stage investment in to companies in the tech space.
  • ii. A foreign family office on asserting control over local assets including corporate governance requirements.
  • iii. The majority shareholder of a publicly traded company on its aborted takeover bid.
  • iv.The management of a publicly traded company on its rescue funding negotiations with DFIs and restructuring options.
  • v. A horticultural producer and exporter on its rescue restructuring, including negotiating stand-stills and haircuts with creditors (banks and industry) and the sale of assets across multiple transactions.
  • vi. A publicly traded company on its real asset investment and divestment options, including JVs with private industry operators.
  • vii. A fintech on its internal reorganisation to transfer assets to a newco to facilitate the receipt of growth equity funding.
  • viii. Man Group plc on its complex outsourcing of global shareholder, transfer agency, valuation, custody and middle office fund services to strategic providers and the subsequent implementation projects.*
  • ix. BlackRock on the renegotiation of its suite of third-party management mandates.*

M&A

  • i. A national retail chain on its internal restructuring and proposed subsequent all share sale.
  • ii. Bharti Airtel International on the merger of its operations in Ghana with Millicom International Cellular.*
  • iii. Man Group plc on its acquisition of the investment management business of NewSmith LLP.*
  • iv. BlackRock on the transfer of its investment trust savings plan and ISA businesses to Hargreaves Lansdown.*
  • v. An Australian non-bank lender and US hedge fund on a proposed joint venture.*
  • vi. A listed investment manager on its aborted trans-Atlantic merger.*

 Capital markets

  • i. A publicly traded company on an aborted delisting.
  • ii. A listed alternative investment manager and the asset management arm of a global investment bank on the rolling of established limited partnerships into publicly traded vehicles to provide an exit for LPs and raise fresh equity.*
  • iii. Goldman Sachs International on the structuring of various CLO management and origination vehicles and the subsequent placings of limited partnership interests.*
  • vi. Cheyne Capital and Real Estate Credit Investments Limited (RECI) on RECI’s restructuring to segregate non-performing assets to negate impact on share price and the listing of a separate class of shares for the resulting segregated portfolio.*
  • v. Goldman Sachs International and CVC Credit Partners (CVC) on the structuring and IPO of CVC's flagship listed vehicle, subsequent placing programme and treasury share reactivation. The IPO was named Equity Deal of the Year at the International Financial Law Review (IFLR) European Awards 2013.*
  • vi. Bank of America Merrill Lynch, Deutsche Bank, J&E Davy and Bank of Ireland on Kennedy Wilson Europe Real Estate Plc's IPO.*
  • vii. Lonmin plc on its US$407 million rescue rights issue and associated US$225 million refinancing.*
  • viii. Multiple capital raisings for London Stock Exchange plc traded vehicles (IPO; secondary; tap issue; one-off raise; placing programmes.).*

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