Shardul Amarchand Mangaldas advises in relation to acquisition of a minority stake in Gemini Edibles & Fats Pvt. India Ltd
October 5, 2018
Shardul Amarchand Mangaldas & Co (SAM & Co) has advised in relation to acquisition of a minority stake in Gemini Edibles & Fats Pvt. India Ltd (“Company”) by Black River Food 2 Pte Limited through a combination of primary and secondary acquisition. Based in Hyderabad, the company is involved in the business of manufacturing and marketing of edible oils and fats.
The existing investors include Golden Agri International India Holding Pte. Ltd., a subsidiary of Singapore listed Golden Agri Resources Ltd; Investment and Commercial Enterprises Pte. Ltd. Singapore and the Chowdhry family.
As the legal counsel, SAM & Co acted on behalf of the Company and the Selling Shareholders and advised on all legal aspects relating to structuring of the transaction; drafting, reviewing and finalization of all the transaction documents.
The Private Equity team at SAM & Co was led by Mr. Abhishek Guha, Partner; Mr. Ankit Kejriwal, Principal Associate; Mr. Keegan Pavrey, Associate; Ms. Shambhavi Pandey, Associate; and Ms. Richa Vatsa, Associate. Mr. Abhay Sharma, Partner, advised on direct tax aspects of the transaction.
Other advisors to the transaction, included:
KPMG (Tax advisors to the Investor)
Trilegal, Mumbai (Counsel to the Investor)
The total deal value is INR 640,00,00,000 (Rupees Six Hundred and Forty Crores) approximately. The deal was signed on September 25, 2018 and closing is subject to customary conditions precedent, including approval from the Competition Commission of India.
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