Safex UK Holdings Limited, a completely owned subsidiary of Safex Chemicals (India) Ltd, has actually obtained UK-based Briar Chemicals for roughly ₹727.8 crores (£73 million) from pan-European alternative financial investment company AURELIUS Equity Opportunities.
Safex is backed by personal equity company ChrysCapital which owns a considerable minority stake in the business and made a financial investment into Safex for moneying the Briar Acquisition.
Stratage Law Partners encouraged Safex in this acquisition and carried out the following functions:
Advised Safex India from an Indian law point of view on Facility Arrangement for moneying the Briar Acquisition, consisting of examining the center contract and helping Safex India Team with compliance of conditions precedent and subsequent under the exact same.
Advised Safex India on Chrys Capital’s financial investment into the Company for moneying the Briar Acquisition, consisting of preparing, working out, examining, and modifying the deal file.
Advised Safex India on additional financial investment by its Promoters into the Company for moneying the Briar Acquisition, consisting of preparing, working out, examining, and modifying the deal file.
Advised Safex India on a loan in GBP supplied by it to Safex UK for moneying the Briar Acquisition, consisting of the evaluation and settlements on the loan contract.
The deal group included Darshan Upadhyay (Partner), Bhavin Gada (Partner), Sharan Sanil (Senior Associate) and Vishakha Dube (Associate).
J Sagar and Associates served as Axis Trustee Services Limited’s British counsel on the Facility Agreement.
Cyril Amarchand Mangaldas encouraged Chrys Capital for additional equity financial investment into Safex India.
Bird & Bird served as Safex India’s British counsel for the Briar Acquisition and Facility Arrangement.
Allen & Overy served as Standard Chartered Bank’s British counsel for the Facility Arrangement.