Khaitan, CAM help Zydus’ buy Heinz India for $626m

Wednesday, 24 October 2018 By Legally India Corporate M&A

“Zydus Wellness, a part of the Ahmedabad-headquartered Zydus group, today announced plans to acquire Heinz India, known for its brands like Complan, Glucon D, Nycil and Sampriti Ghee,” according to reports, for a value of Rs 4,595 crores.

The deal is expected to close before the end of this financial year and includes the above brands, two manufacturing facilities and a number of teams and contracts.

Khaitan & Co acted for Zydus Wellness Limited, which is a subsidiary of Cadila Healthcare Limited and owns brands such as Sugar Free, EverYuth and Nutralite. The Khaitan team consisted of partner Haigreve Khaitan, partner Bhavik Narsana, principal associate Aravind Venugopal, principal associate Minhaz Lokhandwala and senior associate Shreya Mukherjee.

Cyril Amarchand Mangaldas assisted Heinz India Private Limited, which is the local subsidiary of the global Kraft Heinz Group. The team included managing partner Cyril Shroff and partners Nivedita Rao, Ruetveij Pandya and Anchal Dhir, as well as competition partner Avaantika Kakkar.

Gibson Dunn advised Heinz on non-Indian laws.

Khaitan & Co Cyril Amarchand Mangaldas Gibson Dunn

Comments

Congrats 25 Oct 2018, 07:23

+1 -4

Congrats Ruetveij! Great going. Unlike some other partners who can only criticize bad mouth people and never get involved in any large/meaningful transactions themselves. I think all of this should be a awake up call for them and make them look for other options.

Incorrect Report 25 Oct 2018, 07:33

+1 -1

The roles of the CAM and Gibson Dunn seem to have been reversed in the reporting. Gibson was the lead counsel running the deal from Kraft's side. While CAM was largely absent, it is possible they advised on India law aspects.

Cammie 25 Oct 2018, 12:13

+0 -1

Jealous Much.

Bid Lawyer 25 Oct 2018, 20:45

+0 -0

At least the bid document was drafted by Gibson (and not CAM) - I don't know the story after that. So, very likely the person commenting had some knowledge of the transaction.

These press releases are tricky animals, many a firm - not KCO usually - prefer to not advertise and it impossible to understand who did the heavy lifting basis these articles.

Incorrect Report 26 Oct 2018, 07:31

Of incorrect reporting? Why would one be jealous of that? On the contrary, jealousy may have caused CAM to send across a wrong report.

seeker 25 Oct 2018, 09:24

whats with the 'help' thing. was it pro-bono?

Commenting is closed for this article.