Through this investment Monarch has become a 50% shareholder and joint venture partner in Yerik
Kochhar & Co acted as the lead Indian legal advisor to Monarch Industries Limited on its strategic investment in Yerik Hydraulics Private Limited.
Transaction Scope and Legal Support
The Kochhar & Co team provided comprehensive legal support throughout the transaction lifecycle, including:
Legal Due Diligence: Conducted a detailed review of Yerik Hydraulics’ corporate, financial, and operational records.
Documentation: Drafted, negotiated, and finalized key transaction agreements, including the Subscription Agreement and Shareholders’ Agreement.
Closing and Post-Closing Support: Assisted with all legal and procedural steps required for deal closure and integration.
The transaction was led by the Corporate M&A team at Kochhar’s Bangalore office, with Anuj Kaila (Partner) and Adityan Rangaswamy (Associate) at the helm. Several other team members also contributed to the due diligence and execution process.
Also read: TT&A Advises KNI India on 49% Stake Sale in Koppal-Narendra Transmission to IndiGrid
About the Companies
Monarch Industries Ltd.
Founded in 1935 and headquartered in Winnipeg, Manitoba (Canada), Monarch is a privately held, vertically integrated manufacturer specializing in hydraulic cylinders and custom iron castings. The company operates:
A foundry in Winkler, Canada
A distribution center in North Kansas City, Missouri
A hydraulic cylinder plant in Jiashan, China
Yerik Hydraulics Pvt. Ltd. (Yerik International)
Established in 1991 and based in Ludhiana, Punjab (India), Yerik is a prominent manufacturer of agricultural machinery parts, hydraulic cylinders, and engineering components for domestic and international markets.
Strategic Impact
This joint venture marks a significant development in the Indian hydraulic cylinder manufacturing sector. It is expected to:
Expand Monarch’s manufacturing footprint in India
Enhance Yerik’s global reach
Strengthen both companies’ capabilities in the hydraulics market across key international regions
Also read: Shardul Amarchand Mangaldas Advises Nestlé on Investment in Drools Pet Food
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
