Travers Smith and Milbank Tweed Hadley & McCloy have taken lead positions on Sahara Group’s $100m (£62.5m) acquisition of a 42.5% stake in the Force India Formula 1 team, the first Indian team to enter the FIA Formula 1 World Championship.

Travers advised Force India and its co-founder Vijay Mallya on the sale, with a team led by corporate partner 
Andrew Gillen.