Employment, Labour and Benefits

Khaitan & Co advised True North and Integrace Pvt Ltd ("Integrace") on Warburg Pincus's acquisition of 100% of Integrace, a leading domestic formulations company focused on orthopaedics and gynaecology, providing end-to-end legal support including legal vendor due diligence, structuring, transaction documentation, regulatory advice and support and closing.

Khaitan & Co Advised Sandvik Finance B.V., a group company of Sandvik AB, in relation to its acquisition of 100% of the share capital of Mastercam India Pvt Ltd. The target is engaged in the distribution of advanced manufacturing solutions, including software, hardware, training and support to industrial and educational users in across India, the SAARC region, and the Middle East.

Khaitan & Co advised Hyva (India) Pvt Ltd (“Hyva”) on the Indian law aspects of the sale of its Tipper Business in India to Belrise Industries Ltd.

Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering (housing the precision machined castings business of Ashok Iron Works Group).

Khaitan & Co advised Mahindra & Mahindra Ltd, a leader in automotive, farm, and services businesses and Mahindra Last Mile Mobility Ltd (MLMML), on a ~INR 322 crores primary fundraise into M&M’s last mile mobility arm, MLMML, at a valuation of INR 10,822 crores.

Khaitan & Co advised IIRM Holdings India Ltd (“IIRM”) and its promoters in connection with the proposed primary investment by Carpediem Capital and Sanshi Fund-I in IIRM by way of subscription to a combination of equity shares and fully convertible warrants. The investment is subject to receipt of IIRM’s shareholders’ approval and other applicable regulatory approvals.

Khaitan & Co advised Bain Capital on its acquisition (through its affiliates Integral Investments Asia IV Ltd and BCPE Wellbeing Holdco Two Ltd) of UK’s Vitabiotics Group, comprising Omega Meyer and its subsidiaries across the United Kingdom, India, China, Egypt, Nigeria, Indonesia, the United States, Jersey, the Bahamas and Switzerland and Meyer Organics Pvt Ltd in India.

Khaitan & Co advised Hindustan Composites Ltd on sale of friction business of Hindustan Composites Ltd by way of slump sale to Rane (Madras) Ltd for a total consideration of INR 370 crores. The transaction is subject to regulatory approvals and other closing conditions. As part of the transaction, Rane (Madras) will also acquire the COMPO brand, and 2 plants, expanding its presence across aftermarket, fleet operator, and distribution channels.