Shardul Amarchand Mangaldas (SAM & Co) and Clifford Chance advised Royal DSM N.V. ("DSM") and DSM India Private Limited in acquisition of the Engineering Plastics Business ("EPB") of SRF Limited on a slump sale basis, by way of entering into a business transfer agreement ("BTA") for an enterprise value of INR 3,200,000,000 (Indian Rupees three hundred and twenty crores) subject to working capital adjustment.
The Mergers & Acquisitions practice team at SAM & Co acted as Indian legal counsel
to DSM and and were involved in structuring the transaction, drafting and negotiating the BTA and the ancillary agreements. SAM & Co. advised on tax, competition, intellectual property, regulatory, litigation and real estate related aspects of the transaction.
The transaction team from SAM & Co included Mr. Raghubir Menon, Regional Practice Head – Mumbai; Ms. Natashaa Shroff, Partner; Ms. Ekta Gupta, Partner; Ms. Deepa Rekha, Principal Associate and Ms. Pragya Seth, Senior Associate.
The other teams from SAM & Co that were involved include Ms. Aparna Mehra, Partner; Ms. Gayatri Pradhan, Associate and Ms. Abhiruchi Jhawar, Associate for Competition Law Analysis. Mr. Anuj Berry, Partner and Mr. Malak Bhatt, Principal Associate for Litigation. Mr. Abhay Sharma, Partner; Mr. Rajat Bose, Partner; Ms. Ankita Bhasin, Principal Associate and Ms. Maulika Hegde, Associate for tax law analysis. Mr. Abhay, J.V., Partner; Ms. Apoorva Murali, Senior Associate and Ms. Leoni Mahanta, Senior Associate for Intellectual Property Aspects and Ms. Ashoo Gupta, Partner for Real Estate Aspects.
Clifford Chance was the international legal counsel for DSM, led by Mr. Gregory Crookes and Ms. Rona Nisar. The total deal value is approx. USD 45,728,000. The date of signing was 11 May 2018.
About Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co (SAM & Co), founded on a century of legal
achievements, is one of India's leading full-service law >rms. The Firm's mission is to
enable business by providing solutions as trusted advisers through excellence,
responsiveness, innovation and collaboration. SAM & Co is known globally for its
exceptional practices in mergers & acquisitions, private equity, competition law,
insolvency & bankruptcy, dispute resolution, capital markets, banking & >nance and
projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 550 lawyers including 117 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.
For further information, please contact Vimarsh Bajpai at +91 9971687647 or
e-mail him at vimarsh.bajpai@AMSShardul.com.