JK Tyre & Industries Re22 billion acquisition of Cavendish Industries

18/4/2016

Acquisition finance, Private acquisition

Value:

Re 22 billion

Dollar value:

$ 340 million

Status:

Completed

Date:

18/4/2016

Overview:

JK Tyre & Industries has acquired Cavendish Industries from Kesoram Industries for $340 million.
Cavendish has a tyre manufacturing plant in Haridwar. Kesoram transferred the plant to Cavendish in 2015.
The deal will allow JK to expand into the truck and bus tyre areas.
JK Tyre & Industries is an Indian tyre manufacturer active in over 100 countries with nine manufacturing plants.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal types:

Acquisition finance
Private acquisition

Practice area:

M&A

Governing law:

India

Industry sectors:

Industrials and manufacturing
Automotive

Firms:

Dua Associates

Party: JK Tyre & Industries (Acquirer)

Lawyers: Nirvaan Gupta, Sita Khosla

Luthra and Luthra Law Offices India

Party: Axis Bank (Lender)

Lawyer: Aniket Sengupta

S&R Associates

Party: Kesoram Industries (Seller)

Lawyer: Sandip Bhagat

Shardul Amarchand Mangaldas & Co

Party: JK Tyre & Industries (Acquirer)

Lawyer: Arvind Sharma

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