Shardul Amarchand Mangaldas & Co. advises Barentz in majority acquisition of Gangwal Chemicals Private Limited

April 5, 2022

Shardul Amarchand Mangaldas & Co advised Barentz group in the acquisition of a majority stake in the share capital of Gangwal Chemicals Private Limited (GCPL), an Indian chemical distribution company. This transaction is among the most significant in the Indian chemical distribution space, and Barentz’s first investment in India.The deal was closed on 31 January, 2022.

The transaction team was led by Roopal Kulsrestha, Partner; and included Meghna Nachappa, Senior Associate; Anamika Ray, Senior Associate; Akshra Pandey, Associate; Radhika Goyal, Associate; and Namrata Nayak, Associate. The due diligence team was led by Roopal Kulsrestha, Partner; and included Anamika Ray, Senior Associate; Manjari Rammohan, Associate; and Radhika Goyal, Associate. The employment team was led by Pooja Ramchandani, Partner; and included Suruchi Kumar, Principal Associate; and Bulbul Tiwari, Associate. The competition team was led by Gauri Chhabra, Partner; and included Saumya Raizada, Associate. The product liability team was led by Kirti Mahapatra, Partner; and included Protiti Roy, Senior Associate; Harleen Kaur, Associate; and Shaileja Verma, Associate. Meghna Rajadhyaksha, Partner advised on restructuring aspects. Abhay Sharma, Partner advised on tax.

KPMG and Deloitte advised Barentz on financial and tax aspects. Bathiya Legal advised GCPL and its promoters.