Khaitan & Co advises Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner

NO HEADINGS DETAILS
1. Sector Automobiles and Components
2. Announcement Date 5-July-2022
3. Completion Date 1 July 2022
4. Name of Client Endurance Technologies Limited
5. Buyer Details Endurance Technologies Limited | India
6. Target Details Maxwell Energy Systems Private Limited | India
7. Deal Description Advised Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner.
8. Total Consideration INR 308 crore (USD 40 million)
9. Team Members The transaction was led by Prasenjit Chakravarti (Partner) with assistance from Nitish Goel (Partner), Sanjana Bhatnagar (Principal Associate) and Dhairya Kumar Garg (Associate)
10. Role of Firm Conducting a legal due diligence on Maxwell Energy Systems Private Limited; prepared a note for the client on the FEMA related issues in the proposed transaction; drafting, reviewing, commenting and negotiating the transaction documents; and assisting in signing and closing of the transaction.
11. Financial Advisors Axis Capital Limited (for the Target company) and Deloitte Touche Tohmatsu India LLP (for Endurance Technologies Limited)
12. Other legal advisors if any Mehta & Padamsey (for the Target company and the sellers)

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