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Oterra’s acquisition of the Akay Group

Deal
July 8, 2022

JSA advised and assisted Akay Natural Ingredients Private Limited, SpiceRich Seasonings Private Limited, Akay Spices Private Limited, Akay Europe GmbH, Akay USA LLC, Akay Flavours and Aromatics (Cambodia) Private Limited (collectively, the “Akay Group“), and their promoter shareholders, in connection with the acquisition by Oterra A/S.

The Akay Group is a leading player in the natural colors and nutraceutical ingredients industry, and serves over 40 countries, has four manufacturing sites in southern India and employs more than 400 people.

Oterra is the largest provider of natural food colors worldwide, and is an EQT portfolio company.

JSA team comprised Lead Partner – Sidharrth Shankar, Partner – Prakriti Jaiswal, Principal Associate – Shweta Gupta, Senior Associate – Dhruv Malhotra, and Associate – Vrindesh Patel.

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Tags Acquisition, JSA, Leading Law Firm, Leading Lawyers, Manufacturing, Nutraceutical Ingredients

Dhruv Malhotra Principal Associate

Dhruv regularly advises clients on transactional and advisory matters. His primary experience areas are mergers and acquisitions, private equity, and cross border investments.

Prakriti Jaiswal Partner

Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.

Sidharrth Shankar Partner

Sidharrth is the Co-Chair of the Corporate Practice at JSA. He specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.

Vrindesh Patel Senior Associate

Vrindesh focuses on lending & finance transactions involving complex structures and cross border financing. He has assisted clients, including some of the global financial institutions, in a plethora of financing transactions, viz., Debt Transactions (secured, limited recourse basis and syndicated), Project Finance (including manufacturing, energy and real estate projects), Acquisition Finance, Real Estate Financing (including lease rental discounting), etc.