Wynnchurch Capital (Wynnchurch), a leading private equity firm, acquired a US-based group specializing in manufacturing steel flanges, with subsidiaries in Europe and India. Majmudar & Partners played a key role in advising on the Indian legal aspects of this cross-border transaction, ensuring compliance with local laws and regulations.
Facilitating the Transaction
Majmudar & Partners provided strategic and legal expertise in the following areas:
- Indian Subsidiary Due Diligence: Conducted a comprehensive review of the Indian subsidiary’s financials, corporate records, compliance history, and employee agreements to identify and address any potential risks.
- Regulatory Compliance: Assessed and ensured compliance with Indian regulations governing foreign direct investment (FDI) in the manufacturing sector, safeguarding the transaction against regulatory challenges.
- Tax Structuring: Advised on the tax implications of the acquisition, specifically concerning cross-border payments, profit repatriation, and inter-company transactions between the Indian subsidiary and its parent company.
- Transaction Documentation: Reviewed and revised transaction agreements, including shareholder agreements and other ancillary documents, to ensure alignment with Indian corporate and regulatory laws.
- Post-Acquisition Integration: Provided guidance on corporate governance and operational restructuring of the Indian subsidiary to align with Wynnchurch’s global strategy and governance standards.
This acquisition enabled Wynnchurch to expand its portfolio in the manufacturing sector and tap into the growing demand for steel flanges in global markets. Majmudar & Partners ensured a seamless integration of the Indian operations, minimizing legal risks and adding strategic value to the client’s expansion plans.
With years of expertise, Majmudar & Partners specializes in guiding private equity firms through intricate cross-border transactions. Contact us to learn how our expertise can support your investments in India’s dynamic market.