BigTree Entertainment Private Limited, the entity behind BookMyShow, has entered into definitive agreements with global investment firm KKR, leading to KKR acquiring a minority stake in the company. This strategic investment is set to bolster BookMyShow’s growth trajectory, particularly in the realm of live entertainment.
Legal Expertise Steering the Deal
Trilegal played a pivotal role in advising BookMyShow throughout the investment process, from the initial term sheet negotiations to the final execution of the transaction. The firm’s responsibilities included drafting and negotiating transaction documents, coordinating with BookMyShow’s internal teams and external advisors, and providing regulatory guidance. A crucial part of this guidance involved preparing for the necessary approval from the Competition Commission of India (CCI) prior to the deal’s completion.
The Trilegal team was spearheaded by Partners Amit Khansaheb and Pratyush Singh, with support from Senior Associates Shaurya Jain and Neha Koppu, and Associates Riya Thawani and Mukund Agarwal. The firm’s competition law team, led by Partner Rudresh Singh and Counsel Divye Sharma, provided additional expertise.
AZB & Partners’ Role in Representing KKR
On the other side of the table, AZB & Partners advised KKR on this significant investment. The AZB team was led by Senior Partner Roxanne Anderson, with contributions from Senior Associate Yashaswi Rohra, and Associates Siri Harish and Devanshi Patel.
Since its inception in 2007, BookMyShow has transformed from a simple ticketing platform into a comprehensive entertainment company. It integrates technology with consumer engagement and industry expertise across films, live events, and unique experiences. A notable component of this transformation is BookMyShow Live, which covers the full spectrum of live entertainment—from talent acquisition to production and audience engagement.
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KKR’s investment is anticipated to fuel BookMyShow’s next expansion phase, enhancing its live entertainment segment and expanding its entertainment offerings throughout India.
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