Cyril Amarchand Mangaldas, India’s leading law firm, advised S.J.S. Enterprises on the proposed acquisition of 90.1% stake in Walter Pack Automotive Products India Private Limited (Walter Pack India). Walter Pack India is engaged in the business of design and development of high value added functional decorative parts in the Indian market using advanced in-mould technologies.
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was supervised by Reeba Chacko, Partner & Head – Corporate, whereas the transaction was led by Vishak Abraham, Partner; and Sharada Ramachandra, Partner, and by Arun Prabhu, Partner & Head -Technology, Telecom on the IP and technology aspects; with support from Jesika Babel, Senior Associate; Arpita Sengupta, Senior Associate; Gopika Nambiar, Associate; Mukesh Seju, Associate; and Sabreen Hussain, Associate.
Aakriti Singh, Arushi Bindal, Harshita Tripathi, and Manav Sanghvi, Associates; assisted on the legal due diligence.
Abhilash Pillai, Partner, and Jinal Mehta, Principal Associate; assisted in the real estate related due diligence.
As a part of the transaction, S.J.S. Enterprises Limited proposes to acquire 90.1% stake in Walter Pack India, by way of a secondary purchase from Walter Pack S.L. and the founder of their India operations, Mr. Roy Mathew.
Other parties and advisors to the transaction included PwC (acted as tax advisor for S.J.S. Enterprises)
The transaction was signed on 27th April 2023.
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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.
