Montagu Private Equity Limited (Montagu), a leading European private equity firm, acquired Rexam’s Healthcare Devices and Prescription Retail divisions in a strategic transaction aimed at expanding its portfolio in the healthcare sector. Majmudar & Partners advised Montagu on Indian legal issues, including intellectual property assignments and employment law compliance, ensuring seamless execution of the acquisition.

Facilitating the Transaction

Majmudar & Partners facilitated the transaction by focusing on complex Indian legal and regulatory aspects. The firm’s contributions included:

• Intellectual Property Assignment: Reviewed and finalized the assignment of intellectual property rights related to Rexam’s India operations, ensuring compliance with Indian intellectual property laws.
• Employment Law Compliance: Conducted a detailed review of employment agreements and policies to ensure compliance with Indian labor laws. Advised on the transfer of employees to the new entity while safeguarding compliance with statutory obligations and minimizing risks.
• Regulatory Advice: Provided guidance on obtaining necessary approvals from Indian regulatory authorities to facilitate the acquisition. The firm navigated complex regulatory processes to ensure a smooth transaction.
• Drafting and Negotiation of Agreements: Assisted in drafting and negotiating key transaction documents, including those specific to Indian subsidiaries, ensuring the terms were legally sound and favorable to the client.
• Risk Mitigation: Identified potential legal risks related to the acquisition and recommended solutions to address them proactively, ensuring compliance with local laws and minimizing liabilities.

This acquisition allowed Montagu to strengthen its position in the healthcare sector, leveraging the expertise and infrastructure of Rexam’s divisions. Majmudar & Partners’ in-depth understanding of Indian legal frameworks and practical approach contributed significantly to the successful closure of the transaction.

Majmudar & Partners offers expert legal support for private equity transactions across multiple jurisdictions. Contact us today to learn how we can assist in your next acquisition or investment.