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Khaitan advises HIL on $84.4m buy of Germany’s Parador Holdings, with Baker Macs, CMS

Hyderabad-based building materials company HIL Ltd has bought Parador Holdings of Germany, which is worth Rs 687 crore, from existing shareholders NORD Holding, Deutsche Mittelstandsholding, Lubert Winnecken and Hendrik Voß for 72.3m Euros.

Khaitan & Co acted for HIL, with a team led by partner Haigreve Khaitan, partner Niren Patel, principal associate Minhaz Lokhandwala and associate Yashashree Mahajan. They were supported in direct tax by partner Bijal Ajinkya, associate partner Ritu Shaktawat and associate Sneh Shah. In enforcement related aspects, advising were partner Peshwan Jehangir and senior associate Ayush Agarwala.

Baker & McKenzie Germany and Austria acted for HIL.

CMS Germany acted for sellers.

2018-07-12

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