Ankush Goyal
Partner - Corporate, Private Equity
Strategic M&A | Private Equity | Distressed Assets
Overview
Ankush Goyal is a Partner based at Trilegal’s Delhi office. He has a diverse practice portfolio encompassing private equity, public and private M&A and debt transactions, with a focus on distressed assets. He has significant experience in strategic M&A and joint ventures for European and US clients, and has acted for investors and target companies in private equity transactions.
Ankush has advised on a range of domestic and cross-border transactions, including minority stake purchases, control deals and exits involving multiple co-investors in telecom, manufacturing, infrastructure, financial services and e-commerce. He actively advises and represents clients on investments in distressed assets, including debt buy-outs, corporate finance raises, restructuring of domestic debt and hybrid buy-outs involving debt and equity restructuring.
Education
- Gujarat National Law University
Admissions
- Bar Council of Delhi
Select representative clients/matters
- Brookfield on (i) acquisition of controlling stake in Cleanmax, the largest C&I platform in India; (ii) USD 1 billion debt investment in Avaada group; and (iii) debt and equity investment with respect to one under-construction project of Acme group
- Varde Partners on (i) setting up a jointly owned platform for investment in distressed assets in India with Aditya Birla; (ii) debt resolution through a one-time settlement scheme for the distressed power producer RattanIndia Power, (iii) its bid to acquire Srei Equipment Finance and Srei Infrastructure Finance; and (iv) multiple NPA acquisitions from public and private sector banks
- United States International Development Finance Corporation on direct equity investment in SAEL Industries Ltd, a public limited company incorporated in India
- Piramal Group on its bids to acquire (i) Dewan Housing Finance Corporation, and (ii) Reliance Capital Ltd, under the corporate insolvency resolution process.
- Hyundai Motor India Ltd on acquisition of certain identified assets from General Motor India Ltd
- Goldman Sachs on (i) multiple rounds of funding and eventually exit from Tikona; and (ii) multiple rounds of investment in Fabhotels
- Consortium of Virgin Hyperloop and DP World FZE, on set up of the pilot Hyperloop system in India
- Nasper, on multiple rounds of investments in NTex Transportation Services Pvt Ltd (Elasticrun)
- Promoters of Polyplex Corporation Ltd on sale of their stake to AGP Holdco Ltd
- Medlife founders, on multiple stake sale(s) in API Holdings
- Varde Partners, CLSA and SSG on the acquisition of debt and equity held by a consortium of lenders in Sravanthi Energy and subsequent debt and equity restructuring
Recognition
- ‘Rising Star Partner’ for Corporate M&A by IFLR1000, 2025
- ‘Notable Practitioner’ for Private Equity by Asialaw, 2025
- India’s Future Legal Leader by India Business Law Journal (IBLJ), 2023
