Law firms Dua Associates, LKS, and Al Tamimi & Co have taken on roles in advising Shell Group on its purchase of Raj Petro Specialities.
In a significant move to expand its portfolio and customer base in India, one of its key growth markets, the Shell Group has successfully completed the acquisition of Raj Petro Specialities Private Limited from the Brenntag Group. The transaction was structured and advised by Dua Associates, a leading law firm based in India.
The transaction team at Dua Associates, which played a pivotal role in the deal, was led by Sunil Malik, Prateek Bedi, Nityashjit Kaur, Punish Arora, Rahul Goyal, Gautam Shahi, Ruchika Sidhwani, Kaur, Goyal, Rishabh Halwai, Vaibhav Tripathi, V.D. Gulwani, Ritu Singh, A.T. Chandirasekaran, R. Ganesan, Hari Karthik, and Saurabh Nikalje.
Dua Associates conducted extensive due diligence for the transaction, covering various aspects such as corporate, employment, environment, licenses and permits, intellectual property, and real estate. The firm also drafted and negotiated the transaction documents, and provided closing assistance and advisory.
The acquisition supports Shell Lubricants' growth strategy in India, a market the company considers crucial for its expansion. Raj Petro Specialities Private Limited, a company engaged in the manufacturing of petro-speciality products, has business partners in about 100 countries across the globe.
While Lakshmikumaran & Sridharan Attorneys and Al Tamimi & Co were also involved in the transaction, the specific roles they played are not clearly defined in the available information. Lakshmikumaran & Sridharan Attorneys advised the Brenntag Group on the acquisition, with Srabonee Roy, Partner, leading the team, and Hima Swetha, Associate, providing assistance. The Competition & Antitrust team at Lakshmikumaran & Sridharan consisted of Neelambera Sandeepan, Partner, and Charms Matthew, Associate.
Al Tamimi & Co advised on the UAE aspects of the transaction, but the details of their involvement are not specified in the provided sources.
The Competition Commission of India has granted the Shell Group an unconditional approval for the transaction, thanks to the efforts of Dua Associates. This approval marks another successful step in Shell's growth journey in India.
The transaction, overseen by Dua Associates, involved extensive due diligence in various sectors including corporate, employment, environment, licenses and permits, intellectual property, and real estate. With this acquisition, the Shell Group aims to strengthen its presence in India, a critical market for their growth strategy, particularly in the business of lubricants.
In parallel, Lakshmikumaran & Sridharan Attorneys advised the Brenntag Group on the acquisition, focusing on competition and antitrust matters. Al Tamimi & Co, on the other hand, provided insights on the UAE aspects of the transaction. These collaborations demonstrate the multi-faceted financial and business implications of the Shell Group's move to expand its industry footprint in India.
