Khaitan, CAM act on exclusive strategic collaboration between 360 ONE and UBS

360 ONE WAM Limited has made an exclusive strategic collaboration with UBS AG for wealth management in India and international markets, combining 360 ONE WAM’s local knowledge with UBS’s global and regional expertise to deliver enhanced benefits to clients.

Khaitan & Co advised 360 ONE on this collaboration.

The Firm advised on the overall transaction and the core deal team consisted of Niren Patel (Partner), Abhishek Dadoo (Partner), Vidushi Gupta (Partner), Jayantika Khanna (Principal Associate), Param Gupta (Senior Associate), Akshaya Saksena (Senior Associate), Shriya Kamat (Senior Associate), Gaurang Mansinghka (Senior Associate), Niyati Karia (Associate), Shrishti Mishra (Associate) with assistance from the following:

Anti-trust aspects of the transaction: Anshuman Sakle (Partner), Armaan Gupta (Senior Associate), Ritika Ghosh (Associate);

Employment related aspects of the legal due diligence and the transaction: Deepak Kumar (Partner), Deeksha Malik (Principal Associate), Ransher Singh (Senior Associate);

Financing related aspects of the transaction: Kumar Saurabh Singh (Partner), Rahul Chakraborti (Partner), Mudit Jain (Associate), Niyati Pinkesh Mehta (Associate), Prashamsha Tulachan (Associate);

Tax related aspects of the transaction: Vinita Krishnan (Executive Director), Sneh Shah (Partner);

Data privacy related aspects of the legal due diligence: Supratim Chakraborty (Partner), Sumantra Bose (Counsel), Shramana Dwibedi (Senior Associate);

Dispute resolution aspects of the transaction: Ravitej Chilumuri (Partner).

Cyril Amarchand Mangaldas advised UBS on this collaboration.

The transaction was led by Ramgovind Kuruppath, Partner; Archit Bhatnagar, Partner; with support from Utkarsh Jhingan, Senior Associate; Nikita Singhi, Senior Associate; Divyansh Sharma, Associate; and Varnika Pasricha, Associate.

Cyril Shroff, Managing Partner; provided strategic inputs on the transaction. The following teams provided support:

Team led by Rutu Gandhi, Partner; and Jian Johnson, Partner; with support from Pratiksha Arekar, Senior Associate; Havish Gotecha, Associate; Kritika Tailor, Associate; Aastha Vyas, Associate; Unnati Maheshwari, Associate; Yusuf Kathawala, Associate; assisted on regulatory aspects of the transaction.

Ranganayakulu Jagarlamudi, Senior Advisor; provided strategic inputs and guidance on SEBI-related aspects.

Team led by Avaantika Kakkar, Partner (Head - Competition); and Kaustav Kundu, Partner; with support from Ananya Mahant, Senior Associate; Vanya Agarwal, Associate; and Ria Vora, Associate; assisted on competition law related aspects of the transaction.

Team led by Kunal Savani, Partner; with support from Bipluv Jhingan, Principal Associate; assisted on tax law related aspects of the transaction.

Team led by Shaneen Parikh, Partner, Head- International Arbitration, with assistance from Sanskriti Sidana Principal Associate provided inputs on the transaction.

Team led by Ramgovind Kuruppath, Partner; Archit Bhatnagar, Partner; with support from Utkarsh Jhingan, Senior Associate; Nikita Singhi, Senior Associate; Divyansh Sharma, Associate; Shrudula Murthy, Associate; and Varnika Pasricha, Associate; assisted in Corporate, Litigation and Finance due diligence.

Team led by Abe Abraham, Partner; with support from Himaa Sudhir, Senior Associate; and Rachita Shah, Associate; assisted on employment law related due diligence.

Team led by Rutu Gandhi, Partner, Jian Johnson, Partner; Vivaik Sharma, Partner; with support from Pratiksha Arekar, Senior Associate, Shobhit Dave, Senior Associate; Eesha Tirodkar, Associate, Havish Gotecha, Associate, Medha Puvvala, Associate; Mudit Burad, Associate, Unnati Maheshwari, Associate and Yusuf Kathawala, Associate assisted on regulatory diligence.

Team led by Swati Sharma, Partner (Head - Intellectual Property); with support from Rohin Koolwal, Principal Associate; and Aryaman Vachher, Associate; assisted on intellectual property related due diligence.

Team led by Arun Prabhu, Partner (Head - Technology); with support from Apoorva Sundar, Principal Associate; and Divyashri Sivaramakrishnan, Associate; assisted on technology law related due diligence.

As part of the exclusive strategic collaboration between 360 ONE WAM (formerly IIFL Wealth & Asset Management) and UBS, the Swiss banking giant is acquiring warrants that will convert into a 4.95% equity stake in 360 ONE. This move underscores UBS's commitment to India's rapidly expanding high-net-worth (HNW) and ultra-high-net-worth (UHNW) market

In addition to this equity investment, 360 ONE will acquire UBS's onshore wealth management business in India for approximately ₹3.07 billion (around $36 million). This acquisition includes UBS's local stockbroking, distribution, portfolio management services, and residual loan portfolio .

The partnership is expected to go live in the coming months, subject to necessary regulatory approvals. There is no equity investment or merger involved; rather, it is structured purely as a strategic business collaboration. The move comes against the backdrop of a rapidly growing number of Indian millionaires and rising demand for seamless, global wealth management services.

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