Cyril Amarchand Mangaldas advised CHG-MERIDIAN AG on the acquisition of OPC Asset Solutions Private Limited (OPC Asset Solutions), by way of share purchase from the shareholders of OPC Asset Solutions.
The General Corporate Practice of Cyril Amarchand Mangaldas advised CHG-MERIDIAN AG on the transaction and assisted with structuring, reviewing, negotiating and finalizing the transaction documents. The transaction team was led by Akila Agrawal, Partner and Head – M&A; Navin Kumar, Partner; with support from Gurkaran Arora, Senior Associate; Ashlesha Mittal, Associate; and Abhishek Ganguly, Associate.
The Employment law advisory and due diligence was led by Ankita Ray, Partner.
OPC Asset Solutions is engaged in the business of asset lifecycle management. The Transaction is part of CHG-MERIDIAN AG Group’s strategy focusing on ‘usage over ownership’ as a business model, rooted in the sustainable principles of a circular economy. With this acquisition, CHG-MERIDIAN AG intends to service a large number of Indian clients.
Other Advisors to the transaction included KPMG (acted as tax advisor for CHG-MERIDIAN AG) and S&R Associates (acted as the legal advisor to the selling shareholders).
The transaction was signed on October 19, 2022; and closed on October 20, 2022.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
