JSA advised Aimia Inc and Paladin Private Equity on their acquisition of Tufropes Private Limited as well as the business undertakings of India Nets (collectively, “Tufropes”) for a net purchase consideration of $235.1 million.
Aimia Inc (listed on the Toronto Stock Exchange) is a holding company focussed on making long term investments in public and private companies, while Paladin Private Equity is a private equity firm (based in the United States) focussed on investing in the industrial technology sector. Paladin will act as Aimia Inc.’s partner on the transaction.
Tufropes is a leading global manufacturer of high-performance synthetic fiber ropes and netting solutions for the aquaculture and maritime sectors, as well as diversified industrial end markets.
Our Transaction Team Comprised Lead Partner – Sidharrth Shankar, Partner – Nandini Seth, Principal Associate – Sourav Nath, Associate – Abhilash Raghav, Associate – Rupaly Middha, Associate – Kartikey Gupta, Associate – Rishika Agarwal.
Our Debt Team Comprised Partner – Aashit Shah, Partner – Utsav Johri, and Principal Associate – Megha Upadhyaya.
Our CCI Team Comprised Partner & Head of Practice (Competition Law) – Vaibhav Choukse, Partner – Ela Bali, and Senior Associate – Nripi Jolly.
Our Real Estate Team Partner – Bharat Bhushan Sharma, Senior Associate – Mohit Aggarwal.
Our Indirect Tax Team Partner & Head of Practice – Manish Mishra, Partner – Shareen Gupta, Of-Counsel – Ankur Mittal, Principal Associate – Shikha Parmar, and Associate – Chayank Bohra.
Ankur has professional experience of 6 years in Indirect taxation including GST, service tax, value added tax, excise and customs. Prior to joining JSA, Ankur was working as an Assistant Manager with BDO India LLP.
Bharat specializes in Real Estate and Corporate Advisory related matters. He has extensive experience in Real Estate related transactions including conducting of legal due diligence, drafting of lease deeds, leave and license agreements, joint development agreements and sale deeds.
Ela is a partner with JSA’s competition law practice with 10 years of experience. She represents and advises clients across different sectors on enforcement and merger control matters before the Competition Commission of India (CCI), National Company Law Appellate Tribunal (NCLAT), Delhi and Bombay High Court, and the Supreme Court of India (SC).
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.
Megha is a member of the banking & finance and corporate practice. She focuses on debt transactions including syndicated lending (secured and unsecured), external commercial borrowings, acquisition finance, and security creation.
Nripi specialises in competition law. She has advised on several complex merger control proceedings in various sectors such as healthcare and life sciences, banking and finance, technology, chemical, petroleum and natural gas and infrastructure and is currently involved in several behavioural proceedings before the CCI, NCLAT, High Court and Supreme Court.
Shareen Gupta specializes in the field of indirect taxes. Shareen has more than 14 years of experience in advising clients on various matters under Value Added Tax Laws, Service Tax, Excise duty, Customs Law, Goods and Services Tax and Foreign Trade Policy.
Shikha has over 10 years of diverse professional experience in handling Indirect tax, audit, accounts and general corporate financial affairs of various clients.
Sidharrth specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.
Utsav is a banking partner in the Mumbai office of the firm. His practice focus on structured finance, acquisition finance, leveraged buyouts, cross border finance, real estate financing, debt restructuring and debt capital markets.
Vaibhav is a Partner with Firm’s Competition Law Practice with over 15 years’ experience.