Shearman & Sterling advised Ontario Teachers' Pension Plan Board (OTPP), alongside Kedaara Capital Investment Managers Limited and Soros Fund Management LLC, on its investment in Spandana Sphoorty Financial Limited.

Spandana is an Indian microfinance lender with 540 branches in 13 Indian states and has over two million borrowers. The funds will be used to repay and restructure Spandana’s existing debt with 37 different lenders and exit the Indian corporate debt restructuring scheme.

The Shearman and Sterling team included associate Denise Lum (London-Mergers & Acquisitions).