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SAM & Co. advises Emami on stake acquisition in Brillare Science

ANI  |  New Delhi [India] 

Shardul Amarchand Mangaldas (SAM & Co.) advised Limited in acquisition of 26 percent stake in (Brillare Science).

Founded in 2009, and based in Ahmedabad, Brillare Science produces hair and skin care products, and sells them to professional salons. It owns popular brands 'Brillare Science', 'Elementi Puro' and 'Root Deep'.

The of Shardul Amarchand Mangaldas advised Limited and was involved in conducting due diligence, structuring the transaction, negotiations, drafting and finalisation of the shareholders' agreement, share subscription agreement and the amended articles of Brillare Science and for taking the to completion.

The M&A Team of Shardul Amarchand Mangaldas was led by Sakshi Mehra, Partner; Victor Mukherjee, Principal Associate; Dipayan Bhattacherjee, Associate; and Smita Tejaswee, Associate.

The parties involved in the were Limited (Our Client) and (Counter Party).

As a part of the transaction, has agreed to subscribe to compulsory convertible preference shares of Brillare Science in two tranches which upon conversion will result in holding a 26 percent equity stake in Brillare Science. Bon Proximo acted as the to Brillare Science in the

The deal was signed on February 5, 2018. The first closing happened on February 5, 2018, and the final closing is subject to necessary approvals and fulfillment of certain conditions precedent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 06 2018. 18:50 IST