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AZB, Foley, Baker & Daniels straighten out $100m Dabur haircare US acquisition

AZB & Partners and US firms Foley Lardner and Baker & Daniels have advised on the Rs 450 crore ($100m) acquisition of US hair product company Namasté Laboratories by Dabur India’s US unit company Dermoviva Skin Essentials Inc.

AZB Delhi partner Gautam Saha together with senior associate Sachin Mehta and associate Heena Singhvi advised Dermoviva, which is incorporated in Delaware and owned by Indian fast moving consumer goods company Dabur.

US firm Baker & Daniels provided US law advice to Dabur, with partners Andrew Geier and Nicholas Isaacson leading.

The target, Namasté, which manufactures and distributes hair care products in the US, Canada, South Africa and Nigeria, was advised by US firm Foley & Lardner and lead partner Helen Toal.

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