Our firm advised Simpolo Vitrified Private Limited (Simpolo Vitrified), its promoters and the selling shareholders of Simpolo Vitrified on the secondary acquisition of a minority stake by Baring Private Equity Partners India, WhiteOak Capital and Ravi Modi Family Trust for a consideration of approx. INR 240 crores.
Simpolo Vitrified is one of India's largest premium tile manufacturer and sanitaryware brand, operating through its flagship brands - Simpolo, Nexion, and Neotra.
INDUSLAW Team:
Shantanu Jindel (Partner), Shweta Gupta (Partner) and Abhinav (Associate).
Other law firms and advisors involved:
- Khaitan & Co., Touchstone Partners, Wadia Ghandy