JSA advised Aimia Inc and Paladin Private Equity on their acquisition of Tufropes Private Limited as well as the business undertakings of India Nets (collectively, “Tufropes”) for a net purchase consideration of $235.1 million.
Aimia Inc (listed on the Toronto Stock Exchange) is a holding company focussed on making long term investments in public and private companies, while Paladin Private Equity is a private equity firm (based in the United States) focussed on investing in the industrial technology sector. Paladin will act as Aimia Inc.’s partner on the transaction.
Tufropes is a leading global manufacturer of high-performance synthetic fiber ropes and netting solutions for the aquaculture and maritime sectors, as well as diversified industrial end markets.
Our Transaction Team Comprised Lead Partner – Sidharrth Shankar, Partner – Nandini Seth, Principal Associate – Sourav Nath, Associate – Abhilash Raghav, Associate – Rupaly Middha, Associate – Kartikey Gupta, Associate – Rishika Agarwal.
Our Debt Team Comprised Partner – Aashit Shah, Partner – Utsav Johri, and Principal Associate – Megha Upadhyaya.
Our CCI Team Comprised Partner & Head of Practice (Competition Law) – Vaibhav Choukse, Partner – Ela Bali, and Senior Associate – Nripi Jolly.
Our Real Estate Team Partner – Bharat Bhushan Sharma, Senior Associate – Mohit Aggarwal.
Our Indirect Tax Team Partner & Head of Practice – Manish Mishra, Partner – Shareen Gupta, Of-Counsel – Ankur Mittal, Principal Associate – Shikha Parmar, and Associate – Chayank Bohra.
Bharat specializes in Real Estate and Corporate Advisory related matters. He has extensive experience in Real Estate related transactions including conducting of legal due diligence, drafting of lease deeds, leave and license agreements, joint development agreements and sale deeds.
Ela is a partner with JSA’s competition law practice with 10 years of experience. She represents and advises clients across different sectors on enforcement and merger control matters before the Competition Commission of India (CCI), National Company Law Appellate Tribunal (NCLAT), Delhi and Bombay High Court, and the Supreme Court of India (SC).
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.
Shareen specializes in indirect tax laws including Goods and Services Tax, Customs Law and Foreign Trade Policy and erstwhile indirect tax laws such as Value Added Tax Laws, Service Tax, Excise duty. Shareen has 19 years of experience in providing advisory and litigation support services to large corporates as well as start-ups.
Sidharrth specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity. He has been representing multi-national companies in cross-border transactions, advising on foreign direct investments, outbound investments, joint ventures, technology transfers, retail & franchising and commercial contract issues.
Utsav is a banking partner in the Mumbai office of the firm. His practice focus on structured finance, acquisition finance, leveraged buyouts, cross border finance, real estate financing, debt restructuring and debt capital markets.
Vaibhav is a Partner with Firm’s Competition Law Practice with over 15 years’ experience.