JSA advised and assisted TOPPAN Holdings Inc., a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation, on the India related aspects in its proposed acquisition of Sonoco Products Company, a global leader in high-value sustainable packaging, to acquire Sonoco’s Thermoformed, Flexible Packaging & Trident business on a cash-free and debt-free basis and subject to customary adjustments. The parties have entered into definitive agreements in relation to the proposed acquisition and the closing will take place in future.
The JSA team was involved in conducting comprehensive legal due diligence of Sonoco Graphics India Private Limited (an Indian subsidiary of Sonoco Products Company), structuring the India leg of the transaction including advising on issues pertaining to foreign direct investment and providing strategic guidance on competition law considerations related to the transaction.
Global deal value of the transaction is USD 1.8 billion.
Our transaction team comprised Lead Partner – Trisheet Chatterjee, Partner – Sarvesh Kumar Saluja, Senior Associate – Kaishori Raut, and Associates – Neeral Jain, Sourish Bagchi, and Purboday Patitundav.
Our competition team comprised Partners – Vaibhav Choukse and Ela Bali, and Senior Associate – Aditi Khanna.
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).