JSA Advocates & Solicitors (JSA) advised Action Construction Equipment Limited (“ACE”) in relation to its joint venture with KATO Works Co., Ltd. (“KATO”), pursuant to the execution of an Investment and Shareholders Agreement.
The joint venture, incorporated as ACE KATO Private Limited (“New JVCo”), combines KATO’s global technology, design and engineering expertise with ACE’s robust manufacturing capabilities and strong market presence in India. The collaboration is expected to enhance product competitiveness, drive cost efficiencies, and unlock growth opportunities across domestic and international markets.
JSA advised and assisted ACE in relation to the joint venture transaction documents, including the Investment and Shareholders Agreement, and provided strategic inputs on governance and control rights in the joint venture. The transaction is subject to the satisfactory completion of customary conditions precedent and closing actions, pursuant to which ACE and KATO will each hold a 50% shareholding in the New JVCo.
The JSA team was led by Kartik Jain, Partner with support from Dushyant Thakur and Anmol Mahajan, Associates.
Kartik’s key focus area is Mergers & Acquisitions as well Private Equity transactions. He has assisted clients from the inception of the acquisition, contributed during negotiations and helped in completion of the transaction.