Shardul Amarchand Mangaldas Co. (SAM Co.) advised the BMT Group in their acquisition of a controlling stake in Involute Technologies Private Limited, for Rs. 170 crores.
The SAM Co. team was led by Partner, Mr. Mithun V. Thanks along with Mr. Anuj Bhasme, Principal Associate, Mr. Ankit Guha, Principal Associate Designate, and Ms. Neety Thakkar, Senior Associate Designate
Ms. Ashoo Gupta, Partner, advised on the real estate aspects of the transaction.
The transaction involved the acquisition of a 60% stake by affiliates of IGW (who are part of the BMT group) in Involute. IGW International NV, is an industry leading Belgian conglomerate that has been manufacturing premium customized gears and gearboxes for over 65 years, with presence in multiple locations, including Belgium, Romania, the Czech Republic, China and the United States.
The transaction closed on July 02, 2015.
Significant aspects of the deal:
The acquisition of Involute provides the BMT group a readymade platform in India and Asia, with an opportunity to participate in India growth plans, especially for the railway sector.
Purchasers ndash; IGW International NV and its affiliate (both members of the BMT Group).
Sellers ndash; Anil Somalwar, Manasi Auto Parts LLP and Auto Components Private Limited.
Mr. Anil Somalwar, Manasi Auto Parts LLP and Auto Components Private Limited (Sellers) and Involute were represented by LegaLogic Consulting.
The LegaLogic team was led by Mr. Vivek Sadhale, Partner along with Mr. Ninad Deshpande and Ms. Rutuja Deshpande.
About Shardul Amarchand Mangaldas Co. (SAM Co.)
Shardul Amarchand Mangaldas Co. (SAM Co.) is one of India leading full service law firms. Founded on almost a century of legal achievement, SAM Co. reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers Acquisition, Competition Law, Dispute Resolution Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.
Its mission is enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.
Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 350 lawyers, including 65 partners across its six offices in India, which include ndash; New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.