Lakshmikumaran and Sridharan represented Pacific Avenue Capital Partners in connection with the Indian leg of a global transaction, involving the acquisition of substantially all the assets pertaining to the fire suppression systems and safety controls business of Kidde-Fenwal, Inc. across various jurisdictions, including the United States of America, United Kingdom and India
The firm’s role included conducting a legal due diligence on the Indian entities with respect to the assets being contributed; reviewing and providing comments from an Indian law perspective to the global level transaction documents; advising on the India level restructuring; drafting, reviewing, negotiating and finalising the transaction documents in connection with the Indian leg of the transaction and assisting with closing of the Indian leg of the transaction.
Pacific Avenue Capital Partners is a Los Angeles-based private equity firm focused on corporate carve-outs and other complex situations in the middle market.
Kidde-Fenwal, Inc. is a world leader in designing and manufacturing industrial and commercial fire suppression systems and safety controls.
The transaction was led by Mr. Gaurav Dayal, Partner and Mr. Sushrut Biswal, Partner.
Mr. Paritosh Chauhan, Partner provided specific inputs on employment related matters and the commercial agreements emanating from the Indian leg of the transaction.
Ms. Neelambera Sandeepan, Partner advised on the competition law related matters pertaining to the Indian leg of the transaction.
Mr. Suhaas Arora, Principal Associate assisted with drafting and finalisation of the India leg transaction documents and other closing related matters.
Ms. Shylla Sawhney, Principal Associate, Mr. Yashraj Chauhan, Senior Associate, Mr. Daksh Hemnani, Associate, Mr. Nehal Kharyal, Associate and Mr. Aditya Shekhar, Associate assisted with the legal due diligence.
Raines Feldman Littrell LLP acted as the global counsel for Pacific Avenue Capital Partners.
Sullivan & Cromwell LLP acted as the US counsel for Kidde-Fenwal, Inc.
Linklaters LLP acted as the UK counsel for Kidde-Fenwal, Inc.
Talwar Thakore & Associates acted as the India counsel for Kidde-Fenwal, Inc.
About Lakshmikumaran & Sridharan-
Lakshmikumaran & Sridharan (LKS) is a premier full-service Indian law firm specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on litigation and commercial law matters, advising and representing clients both in India and abroad. The firm has handled more than 30,000 litigation cases before various forums including 2,000 cases before the Supreme Court of India. Over the last 37 years, the firm has worked with over 15,500 clients which range from start-ups, small & medium enterprises, to large Indian corporates and multinational companies.
The professionals within the firm bring diverse experience to service clients across sectors such as commodities, automobile, manufacturing, healthcare, IT/ITeS, FMCG, hospitality, real estate, petrochemicals, e-commerce, fintech, big data, renewables, cryptocurrency, gaming and sports. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions.
The firm’s driving principles to achieve our vision are integrity, knowledge, innovation, and collaboration.
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