“Zydus Wellness, a part of the Ahmedabad-headquartered Zydus group, today announced plans to acquire Heinz India, known for its brands like Complan, Glucon D, Nycil and Sampriti Ghee,” according to reports, for a value of Rs 4,595 crores.
The deal is expected to close before the end of this financial year and includes the above brands, two manufacturing facilities and a number of teams and contracts.
Khaitan & Co acted for Zydus Wellness Limited, which is a subsidiary of Cadila Healthcare Limited and owns brands such as Sugar Free, EverYuth and Nutralite. The Khaitan team consisted of partner Haigreve Khaitan, partner Bhavik Narsana, principal associate Aravind Venugopal, principal associate Minhaz Lokhandwala and senior associate Shreya Mukherjee.
Cyril Amarchand Mangaldas assisted Heinz India Private Limited, which is the local subsidiary of the global Kraft Heinz Group. The team included managing partner Cyril Shroff and partners Nivedita Rao, Ruetveij Pandya and Anchal Dhir, as well as competition partner Avaantika Kakkar.
Gibson Dunn advised Heinz on non-Indian laws.
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These press releases are tricky animals, many a firm - not KCO usually - prefer to not advertise and it impossible to understand who did the heavy lifting basis these articles.
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