New Delhi, Aug 26, 2015
Shardul Amarchand Mangaldas & Co. (SAM & Co.) advised the BMT Group in their acquisition of a controlling stake in Involute Technologies Private Limited, for Rs. 170 crores.
The SAM & Co. team was led by Partner, Mr. Mithun V. Thanks along with Mr. Anuj Bhasme, Principal Associate, Mr. Ankit Guha, Principal Associate Designate, and Ms. Neety Thakkar, Senior Associate Designate
Ms. Ashoo Gupta, Partner, advised on the real estate aspects of the transaction.
The transaction involved the acquisition of a 60% stake by affiliates of IGW (who are part of the BMT group) in Involute. IGW International NV, is an industry leading Belgian conglomerate that has been manufacturing premium customized gears and gearboxes for over 65 years, with presence in multiple locations, including Belgium, Romania, the Czech Republic, China and the United States.
The transaction closed on July 02, 2015.
Significant aspects of the deal :
The acquisition of Involute provides the BMT group a readymade platform in India and Asia, with an opportunity to participate in India’s growth plans, especially for the railway sector.
Transaction Parties:
Purchasers – IGW International NV and its affiliate (both members of the BMT Group).
Sellers – Anil Somalwar, Manasi Auto Parts LLP and Auto Components Private Limited.
Other Advisors:
Mr. Anil Somalwar, Manasi Auto Parts LLP and Auto Components Private Limited (Sellers) and Involute were represented by LegaLogic Consulting.
The LegaLogic team was led by Mr. Vivek Sadhale, Partner along with Mr. Ninad Deshpande and Ms. Rutuja Deshpande.
