Shardul Amarchand Mangaldas (SAM) advised Pigments Spain S.L., a member of the Altadia Group, on its acquisition of a majority controlling stake in Nahar Colours & Coating Private Limited, a company specializing in the production of ceramic frits, engobes, and compound glazes for ceramic tile bodies in India.
Altadia Group, headquartered in Castellon, Spain, is owned by The Carlyle Group and is one of the leading global manufacturers of intermediate products for ceramic tile production.
The transaction team comprised Abhishek Guha (Partner), Tanya U. (Partner), Amrita Ghosh (Senior Associate), and Akanksha K. (Senior Associate).
The due diligence team included Abhishek Guha (Partner), Tanya U. (Partner), Mukul Baveja (Partner), Madhur Chopra (Principal Associate), Akanksha K. (Senior Associate), Chayanika Goyal (Senior Associate), Amrita Ghosh (Senior Associate), and Srijan Srivastava (Associate).
For real estate matters, Radhika M. Dudhat (Partner), Bhoumick Vaidya (Partner), Rachna Bagri (Counsel), Harshini Kotecha (Senior Associate), and Vidhi Maniar Sanghavi (Senior Associate) provided expert advice.
On infrastructure-related aspects, the team included Neelakantan VR (Partner), Dnyanraj Desai (Partner), Shubham Sharma (Senior Associate), Priyanka Sheth (Counsel), and Dhwani Baxi (Senior Associate).
This strategic move strengthens Altadia’s future positioning, particularly within our key growth markets in India and the Asia Pacific region. We are delighted to welcome Nahar’s skilled executives and employees to the Altadia family, as we work together to enhance our service to our customers and continue growing.
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