Intercos S.p.A., a global leader in beauty and cosmetics, acquired a portion of the India operations of a multinational manufacturer of beauty, household, and personal care products. This acquisition was part of Intercos’ strategic plan to strengthen its presence in India, one of the fastest-growing markets in the beauty and personal care sector. Majmudar & Partners acted as legal counsel on the deal.
Facilitating the Transaction
Majmudar & Partners played an important role in supporting Intercos throughout the transaction. The firm’s involvement included:
- Due Diligence: Performed a comprehensive legal due diligence process, ensuring that the Indian entity’s legal and regulatory compliances were fully examined. This encompassed evaluating the company’s contracts, intellectual property, compliance with environmental and factory regulations, and employee matters, which allowed Intercos to make informed decisions on whether to close the transaction.
- Regulatory Compliances: Worked closely to navigate the complexities of India’s regulatory framework, especially relating to foreign direct investment (FDI) and sectoral regulations in the beauty and personal care space. The firm also handled compliances with the Competition Commission of India (CCI) to ensure that the acquisition received all necessary clearances and avoided antitrust concerns.
- Structuring the Deal: Provided strategic advice on structuring the transaction to ensure that it was tax-efficient and aligned with Indian corporate law. This included drafting and negotiating key agreements such as the share purchase agreement and the asset purchase agreement, ensuring that the interests of Intercos were protected throughout the acquisition process.
- Post-Acquisition Integration: Assisted Intercos with post-acquisition integration, focusing on the smooth transfer of assets, managing employee transitions, and overseeing the regulatory filings with local authorities. This ensured a seamless handover of the Indian operations to Intercos.
Intercos S.p.A.’s acquisition of a key Indian business division reflects its commitment to expanding its global reach, particularly in a high-growth market like India. Majmudar & Partners’ expertise in cross-border M&A ensured a smooth and legally compliant transaction, reinforcing the firm’s reputation as a leading legal advisor in complex international deals.
With decades of experience advising on complex cross-border M&A transactions, Majmudar & Partners is a trusted partner for global businesses expanding into the Indian market. Contact us today to learn how we can assist your company in achieving its strategic objectives through sound legal guidance.