JSA Advocates & Solicitors (JSA) advised Unimech Aerospace and Manufacturing Limited, a listed company, along with its wholly owned subsidiary, Innomech Aerospace Toolings Private Limited, in its USD 47.06 million acquisition of Hobel Bellows Private Limited and the indirect acquisition of Hobel Bellows Co., a partnership firm.
Hobel Bellows is a specialised manufacturer of metallic bellows, expansion joints, flexible tubing components, sheet metal fabrications and precision-engineered assemblies. Its products serve a range of industries including automotive, locomotive, power transmission, water & gas, and other engineering applications. Hobel Bellows has built a strong export-oriented OEM business with long-standing customer relationships across global markets.
Hobel Bellows operates from an approximately 180,000 sq. ft. manufacturing facility located at Duvvada SEZ, Visakhapatnam, and is supported by in-house design, evaluation and testing capabilities. Hobel Bellows has developed long-standing relationships with marquee OEM customers, with close to 90% of its business being export oriented.
JSA’s role involved conducting due diligence on the target entity, drafting and negotiating the transaction documents and assisting Unimech on signing and closing matters.
The JSA team consisted of Archana Tewary, Lead Partner and Naveen Kumar, Associate.
Archana has worked in private equity, capital markets and general corporate teams and has primarily worked on investments by private equity investors in unlisted companies and offerings of equities and securities by listed and unlisted companies.