| 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) |
