DEAL DETAILS
| Gateway Distriparks Limited | Acquisition of up to 100% shareholding of Kashipur Infrastructure and Freight Terminal Private Limited |
| NO | HEADINGS | DETAILS |
| 1 | Sector | Freight Services, Warehouse and Logistics |
| 2 | Announcement Date | 01-Nov-2022 |
| 3 | Completion Date | 20-Dec-2022 (Estimated) |
| 4 | Name of Client | Gateway Distriparks Limited |
| 5 | Transferor Details | Apollo Logisolutions Limited | India India Glycols Limited | India Kashipur Holdings Ltd | India |
| 6 | Target Details | Kashipur Infrastructure and Freight Terminal Private Limited | India |
| 7 | Deal Description | Advised Gateway Distriparks Limited (GDL) in connection with the acquisition of up to 100% shareholding of Kashipur Infrastructure and Freight Terminal Private Limited, from its existing shareholders namely, Apollo Logisolutions Limited, India Glycols Limited and Kashipur Holdings Limited for a total consideration of INR 155.86 crore (USD 18.8 million). The sale process was through an auction process where GDL emerged as the successful bidder. |
| 8 | Total Consideration | INR 155.86 crore (USD 18.8 million) |
| 9 | Team Members | The transaction was led by Prasenjit Chakravarti (Partner) with assistance from Nitish Goel (Partner), Sushmita Sarin (Principal Associate), Sanjana Bhatnagar (Principal Associate), Vishakha Singh (Senior Associate) and Shivansh Mehta (Associate). |
| 10 | Role of Firm | Assisted Gateway Distriparks Limited (GDL) with the bid process, by advising on and drafting of the bid and offer documents. Assisted GDL with the legal due diligence of the target and with drafting and negotiating the share purchase agreement along with other ancillary transaction documents. |
| 11 | Financial Advisors | Ernst and Young for the purchaser and PricewaterhouseCoopers Services, LLP, as the transaction manager / bid advisor |
| 12 | Other legal advisors if any | Trilegal was the common advisor for the Sellers and the Target |
| 13 | Unique Feature of Transaction | The sale process was through an auction process where GDL emerged as the successful bidder. |