Desai Diwanji, Freshfields, Linklaters, TTA sold German machining company to India auto maker

Desai & Diwanji and Freshfields Bruckhaus Deringer advised auto parts maker Amtek Auto in acquiring majority stake in German forging and integrated machining company Neumayer Tekfor Group in eight countries.

Desai & Diwanji Delhi partner Raghav Mathur acted for Amtek on Indian documentation, including financing documents from Standard Chartered bank. Standard Chartered was advised by Talwar Thakore & Associates partner Sonali Mahapatra and associates Deepa Christopher and Nidhi Rani in Mumbai.

Freshfields New York partner Thomas Jörgens acted for the acquirer on non-Indian law.

Linklaters Singapore partner Philip Badge acted for Standard Chartered. Neumayer’s turnover, according to Business Standard, is Euro 500m (Rs 3693 crore).

Amtek already had a 50:50 joint venture (JV) with Neumayer before the acquisition, including a plant in Haryana. The acquisition includes this JV and the Italy-based forging company Officine Meccaniche Villar Perosa SpA (OMVP), reported the Times of India.

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