In 2021, Coster Tecnologie Speciali S.p.A. (Coster), a global leader in spray packaging solutions, completed the buyout of its Indian subsidiary, Coster India Packaging Private Limited, from its joint venture partner. The deal involved a complete transition of ownership, allowing Coster to strengthen its presence in the Indian market. Majmudar & Partners played a pivotal role in assisting with the legal aspects of this transaction, providing strategic legal counsel throughout the buyout process.
Facilitating the Transaction
Majmudar & Partners was instrumental in ensuring the success of the transaction. Our role included the following:
- Regulatory Compliance and Due Diligence: Conducted a comprehensive due diligence of Coster India Packaging Private Limited assessing and ensuring compliance with Indian corporate laws, labor laws, foreign exchange regulations, and industry-specific regulations.
- Structuring and Negotiation: Structured the buyout transaction to align with Indian legal requirements and facilitated negotiations with the joint venture partner. This step ensured a legally sound and mutually agreeable deal structure.
- Drafting and Finalizing Documentation: Assisted with the drafting and finalization of all critical transaction documents, including the share purchase agreement, ensuring alignment with, and safeguarding of, Coster’s commercial objectives and interests.
- Post-Transaction Integration: Advised on post-transaction compliance to assist Coster in effectively integrating Coster India Packaging Private Limited into its global operations, including fulfilling corporate and regulatory filing requirements with Indian authorities.
By assuming full control of Coster India Packaging Private Limited, Coster can drive growth in a rapidly expanding market for packaging solutions. With the expert legal support provided by Majmudar & Partners, the transaction was executed smoothly, ensuring full regulatory compliance and a seamless transition.
With decades of experience managing joint ventures and cross-border acquisitions, Majmudar & Partners offers expert legal counsel for companies navigating buyouts and strategic restructuring in India. Contact us today to ensure your M&A transactions are structured for success, supported by our in-depth knowledge of Indian regulatory frameworks.