Carlisle Companies Incorporated, a diversified global manufacturer of highly engineered products, completed the sale of its braking and friction division to CentroMotion. The latter specializes in motion control technologies. This divestiture formed part of Carlisle’s broader strategy to focus on its core businesses, allowing CentroMotion to strengthen its presence in the braking and friction sector. Majmudar & Partners facilitated this strategic transaction by providing comprehensive India law advice, managing due diligence, negotiating terms and ensuring compliance with all regulatory requirements to successfully close the deal.
Facilitating the Transaction
Majmudar & Partners served as the Indian legal counsel for Carlisle Companies Incorporated, and advised on nuances specific to Indian law, particularly in respect of the operations of the braking and friction division’s subsidiaries in India. The firm’s involvement was crucial in ensuring compliance with Indian regulatory requirements and addressing key areas such as:
- Due Diligence: Conducted a thorough legal review of the Indian subsidiaries to ensure compliance with Indian laws and regulations before the transaction was finalized.
- Regulatory Approvals: Facilitated the necessary approvals from local authorities, including under foreign investment and labor regulations, making sure that the transaction adhered to Indian laws and regulations.
- Tax and Structuring Advice: Provided detailed tax advisory services to optimize the structure of the transaction, ensuring minimal tax liabilities and compliance with Indian tax laws.
- Contract Negotiations: Actively participated in reviewing and negotiating the transactional documents to ensure that the legal terms as they applied to India aligned with the strategic objectives of Carlisle.
The smooth navigation of Indian laws and successful completion of the deal demonstrated Majmudar & Partners’ capability in handling cross-border mergers and acquisitions, especially in complex sectors such as manufacturing and engineering.
The sale of Carlisle’s braking and friction division to CentroMotion marks a pivotal moment for both companies. Carlisle can now focus on its core businesses and long-term growth, while CentroMotion has expanded its product offerings and global footprint.
Majmudar & Partners’ role in the Carlisle Companies and CentroMotion transaction demonstrates our adeptness in navigating complex legal landscapes and executing significant corporate deals. The firm showcased the ability to deliver tailored legal solutions that align with strategic business goals.
With a track record in managing high-value, complex transactions, Majmudar & Partners is the trusted legal partner for global corporations navigating mergers, acquisitions, and divestitures. Contact us today to learn how we can support your business in achieving its strategic goals through sound legal guidance.