J. Sagar Associates (JSA) advised Calibre Chemicals Private Limited (Calibre), and its promoters in the proposed sale of their majority stake in the Calibre to Everchem Asia Pte Ltd, an investing entity of Everstone Capital (Everstone). The deal valuation is currently confidential. The investment is expected to create synergies between the entrepreneurial skills of the promoters, (including the founder, Mr. Ranjit Bhavnani) and Everstone’s significant operational expertise and experience, to scale Calibre into a specialty chemical platform. Closing of the proposed transaction is subject to customary conditions precedent including approval under foreign exchange laws.
Founded in 1984 by Ranjit Bhavnani, Calibre makes Iodine Derivatives, Persulfates and Perchlorates and has customer relationships across 75 countries. Calibre’s customers span across the US, Europe, Asia and exports contribute approximately two-third to its revenue. Calibre is headquartered in Mumbai and has manufacturing facilities at Sarigam, Gujarat, conforming to globally recognized certifications and registrations such as FDA, REACH, FSSAI and ISO.
JSA Team comprised of Partner – Apurva Jayant, Senior Associate – Aatmin Shah and Associates – Nikhil Variyar and Amritha Kumar.