Trilegal advised Supreme Industries on strategic acquisition of Wavin’s (Orbia Group) pipes and fittings business
Trilegal advised The Supreme Industries Limited (“Supreme”), India’s largest plastics processor and a leading manufacturer of plastic piping systems, on its acquisition of the pipes and fittings business in India of Wavin (part of the global Orbia Group).
The transaction is structured as a business transfer on a slump sale basis and involves three business transfer agreements with Wavin Industries Limited and its two subsidiaries, Wavin Holdings Limited and Wavin India Pipes and Fittings Manufacturing Private Limited (collectively, Wavin Entities). As part of the transaction, Supreme will also obtain exclusive access to Wavin’s advanced water management technologies in the SAARC region.
Trilegal’s role included:
- (a) Conducted a legal due diligence on the Wavin Entities;
- (b) Reviewed, negotiated and finalised (i) the business transfer agreements and all ancillary documents, including conveyance deeds for transfer of immovable properties, intellectual property transfer agreements, and employment letters; and (ii) the master technology license agreement between Supreme and Wavin B.V. Netherlands;
- (c) Assessed the notifiability of the transaction to the Competition Commission of India (CCI); and
- (d) Advised on all other legal aspects of the transaction.
The Trilegal transaction team advising on the matter was led by Kosha Thaker (Partner), and supported by Adit Munshi (Senior Associate) and Niyati Khullar, Devarsh Shah, Tanisha Chivate, and Tejas Chadha (Associates).
The Trilegal due diligence team was also led by Kosha Thaker (Partner), with Adit Munshi (Senior Associate) and Niyati Khullar, Gayathri Pillai, Rajat Pareek, and Devarsh Shah (Associates).
The Trilegal Competition Team advising on the matter was led by Gauri Chhabra (Partner), supported by Eesha Sheth (Senior Associate) and Bhabya Mahapatra (Associate).
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