ALMT Legal steers Ascent Growth Trust's majority-stake buy of Pivot Path

What's the deal? Ascent Growth TrustDealroom has a profile for this one. Try Dealroom → and Vintage Classic LimitedDealroom has a profile for this one. Try Dealroom → have acquired a majority stake in Pivot Path Private LimitedDealroom has a profile for this one. Try Dealroom →. The deal combined a purchase of shares from Strides Pharma Science LimitedDealroom has a profile for this one. Try Dealroom → with a fresh capital infusion into Pivot Path.

Who advised? ALMT LegalDealroom has a profile for this one. Try Dealroom →'s Bangalore office advised Ascent Growth Trust and Vintage Classic. Senior partner Dhanya Menon led the transaction, with support from associates Prakhar Agarwal and Surabhi Srinivasan.

What's involved? The team also handled due diligence, assisted by associates Mridula Ponappa and Adhithyaa Vishal.

The signal: The structure — buying out an existing shareholder while adding new money — gives the acquirers control of Pivot Path and hands Strides Pharma Science an exit from its position.

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