Khaitan & Co advised Trimex Foods Private Limited on USD 40 million investment by SG India Delta Holdings
The India’s leading law firm, Khaitan & Co advised Trimex Foods Private Limited, along with its promoters and existing shareholders, in relation to the primary issuance of securities to SG India Delta Holdings, LLC and the secondary purchase of securities by the investor from the promoters and existing shareholders. The transaction resulted in an investment of approximately USD 40 million in Trimex.
Trimex Foods Private Limited is engaged in the business of setting up, operating and managing restaurants, cafes, bars, bakeries and kiosks in the food services and beverages sector for global brands including Chili’s Grill & Bar, Cinnabon and PAUL.
Khaitan & Co assisted with undertaking vendor legal due diligence of Trimex, and advised on drafting, negotiation and finalisation of the transaction documents.
The Khaitan & Co team was led by Bharat Anand (Senior Partner) and Pashupati Nath (Partner), and comprised Abhiroop De (Counsel), Sakshi Duggal (Senior Associate), Swetank Neelabh (Senior Associate), Aryan Rautela (Associate) and Varun Madan (Associate).
The vendor legal due diligence team included Aastha Agarwallaa (Senior Associate) and Akhil Piyush (Associate).
On competition law aspects, the team was led by Pranjal Prateek (Partner), with support from Armaan Gupta (Principal Associate).
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