Shardul Amarchand Mangaldas advised Eris Lifesciences Limited (“Eris”) on the acquisition of a majority stake in Swiss Parenterals Limited (“SPL”) from the existing shareholders of SPL by Eris and certain individual purchasers. The aggregate deal value is approximately INR 875 Crores (USD 105.38 million). The consideration was paid through a combination of cash consideration and issuance by Eris of secured, redeemable non-convertible debentures.
After completion of the transaction, Eris holds 51% of the share capital of SPL and the individual purchasers, collectively, hold ~19% of the share capital of SPL.
The transaction augments the capability of Eris in the sterile injectables segment.
The transaction team was led by Nivedita Tiwari, Partner; Devesh Pandey, Partner; Shailesh Singh, Principal Associate; and Anushka Ganguli, Associate.
The financing team was led by Shilpa Mankar Ahluwalia, Partner; Shubhangi Garg, Partner; Utsav Dubey, Principal Associate; Purva Anand, Associate; and Gunjan Shrivastav, Associate.
Tax team was led by Gouri Puri, Partner and Rahul Yadav, Counsel.
Ritwik Bhattacharya, Partner advised on the competition law aspects.
SPL and the Sellers were advised by Cyril Amarchand Mangaldas on the legal aspects.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 824 lawyers including 165 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
