Spice Route Legal is pleased to have advised Equirus Group, a Mumbai-based diversified financial services entity, on its strategic partnership through an equity swap deal with Sapient Finserv Private Limited, one of India’s fastest-growing financial advisory firms offering wealth management and investment solutions.

The transaction marks a significant consolidation in India’s wealth management landscape, creating one of the top 10 independent wealth management platforms in the country. The merged entity will manage consolidated assets under management (AUM) of approximately USD 3.9 billion (INR 35,000 crore), strengthening its position as a key player in the sector.

This follows Equirus’ earlier acquisitions, including that of Credence Family Office, on which Spice Route Legal also acted as their legal advisor.

Notably, this deal marks the 23rd transaction in the financial services sector that Spice Route Legal has advised on in the past  2 years – reflecting the firm’s deep expertise and continued leadership in complex, high-value financial sector mandates.

The Spice Route Legal team that assisted with this transaction was led by Partner Praveen Raju, supported by a diverse team of specialists from Spice Route Legal.  The M&A team comprised Associates Chirag Rathi, Rahul Parekh, Astha Agarwal, and Sanya Shah. Partner Ankita Hariramani led the team advising on due diligence concerning fintech licensing, intellectual property, and technology matters, with support from Associates Vishnu Naduvakkad, Aishwarya N, and Hamsadhwani Algarsamy.

For further information on Spice Route Legal’s Corporate and M&A practice, please contact us at contact@spiceroutelegal.com.