Kochhar & Co. advised Basic Adhesives, LLC, a New Jersey-based American corporation, in the sale of its business to Pidilite Industries Limited.
May, 2023 - India
The transaction involved sale of assets inter alia comprising technology, know-how, design, trademark, copyright, domain name, trade dress, customer book, inventory etc. Basic Adhesives has long been a prominent provider of adhesives and related products to the world's most prestigious luxury brands in the leather goods business. Following the transaction's completion, Basic Adhesives will provide transition support to Pidilite to ease its entry into the aforementioned domain.
The Kochhar team, led by Mumbai Resident Head & Senior Partner Rajarshi Chakrabarti, Partner Sameena Jahangir, and Principal Associate Anushree Aditi, advised Basic Adhesives on all aspects of the transaction, including reviewing, drafting, negotiating, and finalising transaction documents (such as the Master Framework Agreement, Technology Transfer Agreement, Deed of IP Assignment, and so on) and all other legal formalities related to the pre-closing and post-closing stages.
Related Media link on the deal:
https://www.icicidirect.com/research/equity/trending-news/pidilite-enters-into-agreement-with-basic-adhesives
https://www.capitalmarket.com/news/hot-pursuit/Pidilite-Inds-signs-agreement-with-Basic-Adhesives-LLC-USA/1411665#:~:text=Pidilite%20Industries%20announced%20on%20Tuesday,over%20a%20period%20of%20time.
https://www.marketscreener.com/quote/stock/PIDILITE-INDUSTRIES-LIMIT-9058912/news/Pidilite-Industries-to-Acquire-Technology-Other-Assets-of-Basic-Adhesives-43530906/
