“The Weir Group PLC (‘Weir’ or ‘The Group’) is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment firm focused exclusively on energy, for an Enterprise Value of £275m,” reported the company.

Cyril Amarchand Mangaldas advised Weir Group PLC, United Kingdom led by partner Manu Varghese, employment law advice by partner Rashmi Pradeep, principal associate Ankita Ray, a diligence team also including partner Mridul Kumbalath, principal associate Aravind Raj. Also advising were consultant N Guruprasad, and director Abe Abraham from the corporate secretarial team, as well as executive Manik Makwana.

Primary jurisdiction of deal: UK

2019-02-25

Deal value: USD 362 million

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