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Cyril Amarchand Mangaldas and DLA Piper have advised Indian industrial explosives manufacturer Solar Industries on its $1.36 billion acquisition of South Africa’s Omnia Group.
The target, which manufactures specialized chemical products, explosives and agricultural solutions, was represented by South African law firm Webber Wentzel.
The acquisition will expand Solar Industries’ presence to 110 countries from 90 and its manufacturing footprint to 25 nations, giving it direct access to Omnia’s markets and operations in Africa, Australia, Indonesia, Canada and Brazil.
It will combine Solar’s industrial explosives portfolio with Omnia’s mining division, BME, which supplies bulk explosives, electronic detonation systems and digital blasting solutions.
Cyril Amarchand Mangaldas’ deal team comprised senior partner Santosh Janakiram and partner Sonakshi Arora, with associate Yashi Gulecha. Partner Dhruv Rajain, with associate Tanay Karia, assisted on the antitrust assessment for the transaction from an Indian law perspective.
DLA Piper’s team was led by Johannes Gouws, country managing partner, South Africa, and Peter Bradshaw, corporate location head, and comprised directors Rakhee Singh, Jackie Pennington, and Werner Rysbergen.
Cyril Amarchand Mangaldas and DLA Piper have advised Indian industrial explosives manufacturer Solar Industries on its $1.36 billion acquisition of South Africa’s Omnia Group.
Romulo Mabanta Buenaventura Sayoc & De Los Angeles and Milbank have advised Mynt, the parent company of Philippine finance super app GCash, on its 53-billion-peso ($844 million) initial public offering on the Philippine Stock Exchange (PSE).
Cleary Gottlieb Steen & Hamilton has advised Japanese pharmaceutical firm Shionogi & Co. on its $2 billion acquisition of IntraBio, which was represented by DLA Piper and Kirkland & Ellis.
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