Arneg S.p.A. (Arneg), a global leader in commercial refrigeration solutions, entered into a joint venture with Ambience Group (Ambience), which marked a significant milestone for both companies. Eventually, Arneg moved forward with a complete buyout of its Indian subsidiary, Arneg India Private Limited (Arneg India), by purchasing the joint venture partner’s stake in Arneg India. Majmudar & Partners provided legal counsel throughout this process, assisting Arneg in structuring the buyout, ensuring compliance with Indian regulations.
Facilitating the Transaction
Majmudar & Partners played an essential role in assisting Arneg throughout the joint venture process and subsequent buyout, with contributions including:
- Structuring and Negotiating the Joint Venture: Guided Arneg through the initial joint venture formation, advising on corporate structuring, key terms of the joint venture agreement, and regulatory considerations necessary for establishing a successful partnership in India.
- Due Diligence and Compliance: Conducted a thorough legal due diligence on Ambience and the Indian subsidiary, ensuring that all corporate, legal, and compliance aspects were met and aligned with Arneg’s operational standards.
- Facilitating the Buyout Process: Managed the legal aspects of Arneg’s acquisition of Ambience’s stake in Arneg India, assisting with regulatory filings and ensuring a seamless transition to full ownership in compliance with Indian laws.
- Post-Buyout Integration Support: Advised on restructuring Arneg India to align it with Arneg’s global operations, improving operational efficiency and compliance standards.
Arneg’s joint venture with Ambience, followed by the buyout of Ambience’s stake in Arneg India, was a key strategic move for Arneg to strengthen its presence in India. With the assistance of Majmudar & Partners, the transaction was executed seamlessly, allowing Arneg to gain full control and drive its growth in the Indian market.
Majmudar & Partners offers expert legal services to ensure successful entry and growth to international companies looking to establish or expand joint ventures in India. Contact us to learn how we can guide your next joint venture or acquisition in India.