Exclusive transaction advisor to Indo Count Industries Ltd for acquisition of Home Textiles Business of GHCL Ltd

Deal Highlights:

Acquisition of Home Textiles business of GHCL Ltd.(GHCL), having annual capacity of 45 mn mtrs of bed linen production at Bhilad, Gujarat, 19 brands and 52 trademarks, by Indo Count Industries Ltd (ICIL) on a slump sale basis
Deal also includes acquisition of specified assets (inventory and IPs) of USA subsidiary of GHCL
Overall purchase consideration of Rs. 5,928 mn, subject to closing date adjustments
Post acquisition, ICIL to become the world’s largest Home Textiles Bedding manufacturer, with an annual capacity of 153 mn mtrs

Identified the opportunity and approached the parties as it was a strategic fit and win-win proposition for both
Played a pivotal role across diligences and valuation exercise with external agencies and ensured timely completion despite COVID induced challenges
Led the teams in transaction structuring, negotiating solutions for diligence observations and transaction documentation including Business Transfer Agreement (BTA)
Structured USA leg of transaction – minimizing complexities and compliance issues
End to end handholding on all transaction related matters till closure