Largest buyout deal of ready commercial assets in 2022
Cyril Amarchand Mangaldas advised Continental Automotive Components (India) Private Limited, a multinational automotive parts manufacturing company, on acquisition of Southgate Tech Park, located at Electronic City, Bangalore. The 1 million sqft campus is one of the largest and key R&D locations of Continental Auto Components globally and can house around 6,500 employees. The technical centre was inaugurated on November 23, 2022. The deal represents the largest buyout deal of ready commercial assets in 2022.
The Real Estate Practice group of Cyril Amarchand Mangaldas advised Continental Automotive Components (India) Private Limited in this transaction. The transaction involved extensive legal, technical and environmental due diligence of the campus asset and advisory on acquisition of this asset.
The transaction team was led Abhilash Pillai, Partner; with support from Sharan Kukreja, Partner; Vidyavathi Kowshik, Senior Associate; Lakshmi H.S., Senior Associate; Pavithra Rao, Associate; Mamatha A, Consultant and Manisha K R, Consultant.
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.