Acquisition of Tufropes by Aimia Inc.

  • Deal
  • April 5, 2023

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.