US private equity major Blackstone has proposed acquiring a majority stake in Indian packaging company Essel Propack Ltd (EPL) for an amount up-to ?3,211 crore (approximately $462 million), according to Bloomberg.

Trilegal advised Blackstone led by a team of partners Nishant Parikh and Anirudh Agarwala; senior associates Debaditya Datta, Aakriti Shakder and Sibani Saxena, and associates Prarthna Baranwal, Snigdha Guha Roy, Vikram Lakshman, Vatsla Bharadwaj, Vaishali Movva and Nayan Jain.

Simpson Thacher & Bartlett also advised Blackstone led by partner Ian C Ho, counsel Sandra Kister and associate Sonya Ho.

Shardul Amarchand Mangaldas is advising Blackstone on the competition law aspects of this deal, comprising of partners Shweta Shroff Chopra and Gauri Chhabra, senior associate Supritha Prodaturi and associates Kajori De and Srilatha Jayaraman

Khaitan & Co acted for Ashok Goel Trust with a team including partners Haigreve Khaitan and Vineet Shingal, principal associates Kaushalya Shetty and Radhika Agarwal, senior associate Gautam Suseel, and associate Amulya Sharma. The team also included on corporate and diligence aspects, senior associate Shreya Dua, senior associate Rohan Srivastava, associate Julie Roy and associate Srishti Mukherjee. In regulatory, the team was assisted by executive director Sudhir Bassi, partner Arindam Ghosh, partner Tomu Francis, and senior associate Tanish Gupta. On intellectual property, partner Shailendra Bhandare and senior associate Sourav Dan advised. In real estate, the team included partner Sudip Mullick, senior associate Sneha Oak Joshi, associate Meherasp Mistry and associate Mihir Navalkar. In competition, Khaitan fielded partner Anisha Chand and associate Anmol Awasthi.

Baker McKenzie acted as advisors to sellers and its affiliates.

2019-04-22

Deal value: an amount up-to ?3,211 crore (approximately $462 million).

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