Latest News
Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas & Co. Advises on Sale of Majority Stake in Pest Control Products and Services Business of Pest Control (India) to Rentokil Initial Plc

Mar 08, 2017   17:54 IST 
New Delhi | Mumbai, Maharashtra, India

 

Shardul Amarchand Mangaldas & Co. advised in relation to sale of 57% stake of the pest control products and services business of Pest Control (India) Private Limited to a subsidiary of Rentokil Initial Plc.

 

The M&A Team of Shardul Amarchand Mangaldas & Co. were the Indian legal advisors to the sellers in the transaction (Pest Control (India) Private Limited, Anil Rao and his family). The M&A Team were involved in the structuring of the overall transaction and in the review, negotiations and finalisation of the transaction documents. The Team was led by Mr. Jay Gandhi, Partner and included Mr. Kunal Mehta, Principal Associate; Mr. Arun Jerome, Principal Associate; Mr. Abhishek Parekh, Senior Associate, Mr. Rayan Azmi, Associate.

 

The parties involved in the transaction were Pest Control (India) Private Limited, Anil Rao and his family (Our Clients) and a subsidiary of Rentokil Initial Plc (Counter Parties)

 

Other advisors to the transaction were Ernst and Young (Ajay Shah, Paras Berawala) – Financial and Tax Advisors of the sellers;  Greenberg Traurig, LLP – Offshore Legal Counsels of Rentokil Initial Plc and AZB & Partners – Indian Legal Counsels of Rentokil Initial Plc.

 

The value of the deal is confidential

 

The deal was signed on February 28, 2017

 

About Shardul Amarchand Mangaldas & Co.

Founded in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by International organisations, law directories and professional journals. As a full service law firm, it is renowned in the business community for its ability to enable business, its innovative solutions, its responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” with a legacy of 100 years.

 

The Firm has over 430 lawyers, including 87 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai.


 
 
For press background on Shardul Amarchand Mangaldas & Co. (SAM & Co.)

click here