Cyril Amarchand Mangaldas Advised Lati Industria Termoplastici S.p.A.
Cyril Amarchand Mangaldas advised Lati Industria Termoplastici S.p.A. (“LATI”), a leading European manufacturer of engineering thermoplastics, on a composite transaction along with HEUSSEN Studio Legale e Tributario.
The transaction included:
(i) The acquisition of the engineering plastic compounds division of Loxim Industries Limited (“Loxim”) by LATI through Lati-Loxim Thermoplastics Private Limited, a joint venture company established by LATI (holding 51%) and the key promoters of Loxim (holding 49%) (“JVC”), by way of a business transfer on a slump sale basis; and
(ii) LATI’s investment in the JVC to fund the acquisition of Loxim’s engineering thermoplastics division.
The transaction was signed on March 30, 2025, and closed on June 12, 2025.
The Cyril Amarchand Mangaldas team advising on the transaction was led by Alok Sonkar (Partner), with support from Karishma Jumani (Director – Corporate Transactions), Utkarsh Mankad (Senior Associate), Akansha Menghrajani (Associate), Khushboo Bapna (Associate), Ishita Sharma (Associate), and Aayush Panwar (Associate). The real estate aspects of the transaction were handled by Siddharth Singh (Partner), supported by Rushi Panchal (Associate).
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