Khaitan & Co advised CEAT Limited on acquisition of Camso brand’s compact construction equipment tyre and tracks business from Michelin
The leading law firm in India, Khaitan & Co, advised CEAT Limited on its acquisition of the ‘Camso’ brand’s compact construction equipment tyre and tracks business from Michelin for a total consideration of USD 225 million. The acquisition includes global ownership of the ‘Camso’ brand along with a manufacturing facility in Sri Lanka.
The Firm’s role included advising CEAT on structuring, drafting, and negotiation of the deal documents, which comprised an asset purchase agreement, IP assignment agreements, IP license agreements, and various ancillary agreements. The team also assisted with completion of condition precedents, procurement of a W&I insurance policy, and closing of the transaction.
The core team consisted of Haigreve Khaitan (Senior Partner), Surbhi Kejriwal (Partner), Harsh Khemka (Partner), Dipshikha Dhar (Senior Associate), Nikhil Singh (Associate), and Ravi Shankar (Associate).
On intellectual property aspects, the team included Shailendra Bhandare (Partner), Sourav Dan (Counsel), and Shouraseni Chakraborty (Associate).
On competition and merger control law aspects, the team was led by Anshuman Sakle (Partner).
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