AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Shardul Amarchand Mangaldas advised Colfax Corporation in relation to acquisition of the welding wire business of Sandvik Asia Private Limited by ESAB India Limited (a Colfax group company). The transaction is a part of the global sale of the stainless steel and nickel alloy welding consumables business of Sandvik to ESAB entities in various jurisdictions. The transaction involves transfer of Sandvik's manufacturing facilities in Sweden and USA and its sale and distribution business in India, China, France, Germany, Italy, Singapore, Spain, Sweden, Switzerland, UAE, UK and USA. The India leg of the business transfer was undertaken by way of a slump sale.
The General Corporate Practice team of Shardul Amarchand Mangaldas advised on structuring of the local transaction, drafting, reviewing and negotiating the local transaction documents for the India business transfer and general corporate advisory. The transaction team was led by Ms. Akila Agrawal, Partner; and included Ms. Megha Bhargava, Principal Associate; and Ms. Sumi Saikia, Senior Associate.
The Parties involved in the transaction are Colfax Corporation (our Client) and Sandvik Asia Private Limited (Counter Party).
Other advisors to the transaction are MAQS Advokatbyr (Deal counsel to Colfax/ ESAB); Phoenix Legal (Domestic counsel to Sandvik) and Mannheimer Swartling (Deal counsel to Sandvik).
The deal closed on January 31, 2018.
About Shardul Amarchand Mangaldas & Co.
Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India's leading full-service law firms. The firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 520 lawyers, including 102 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.
