•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

D&D, CAM acts on $156m Archean Chemical fundraise from India Resurgence Piramal-Bain JV

India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it has invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment proceeds will be used to repay debt, offer capital investment to optimize output across product lines, and provide working capital to grow market share in India and in major export markets such as Japan, China, Middle East and Europe.

Desai & Diwanji Mumbai advised Archean Chemical Industries Private Limited, Chennai led by a team of partner Jai Diwanji, partner Sonal Rangnekar, associate partner Smriti Mehta and associate partner Pushkar Bavare.

Cyril Amarchand Mangaldas advised India Resurgence Fund.


Deal value: USD 156 million approx.

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

No comments yet: share your views