Khaitan, Trilegal turn leaf on $423m paper maker acquisition

Thursday, 31 March 2011 By Legally India Corporate M&A

Khaitan & Co and Trilegal have advised on US-based International Paper’s 53 per cent acquisition of Andhra Pradesh Paper Mills (APPM) for $247m in cash along with $62m as seller’s non-compete fee.

Khaitan & Co partners Haigreve Khaitan, Bharat Anand and Daksha Baxi advised the promoters of APPM while Trilegal co-founding partner Anand Prasad led for the NYSE-listed International Papers.

The deal also includes a mandatory public offering worth $104m for the shareholders of APPM by International Papers.

TrilegalKhaitan & Co

Comments

Anonymous guest 31 Mar 2011, 21:28
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khaitan has already broken all new grounds..they should stop it now..
Anonymous guest 31 Mar 2011, 22:31
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Way to go.. Khaitan...
Anonymous guest 31 Mar 2011, 23:43
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Trilegal would have made 3 times the fees on this by acting for the dollar client. Who's doing the open offer?
Anonymous guest 1 Apr 2011, 01:45
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Good to see a break from the otherwise flow of deals that Azb is doing- nice to know there are other m&a firms existing in India
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