J. Sagar Associates advised FW Sports Investment Fund LP (FSIF), a Mauritius-based Private Equity Fund to acquire a significant minority stake in Chennai based Technology Frontiers India Private Limited (Techfront). FSIF’s investment is part of a second round of funding in Techfront, after Avigo PE Investments Limited’s investment in 2010.

This is the first major investment by FSIF, Asia’s first of its kind Private Equity Fund in the sports and sports ancillary sector. It targets investments in South Asia, Southeast Asia, and the Middle East. Techfront, promoted by M. S. Muralidharan, is a leading global provider of in-stadia activation solutions for the Sports, Media & Entertainment industries.

The JSA team comprised Partners Dina Wadia& Jay Gandhi along with Associates Kunal Mehta & Abhishek Parekh.