Deal Closed | IMA Industria Macchine Automatiche SpA | Sale of Hassia Packaging Private Limited to Rovema GmbH

The details of the deal are as under:

Sector: Manufacturing/Industrials

Announcement Date: 22-Jul-2020

Completion Date: 31-Jul-2020

Name of Client: IMA Industria Macchine Automatiche SpA

Name and Description of Buyer:Rovema GmbH | Germany 

Rovema GmbH is engaged in the manufacture and distribution of packaging machinery and equipment worldwide.

Name and Description of Seller: IMA Industria Macchine Automatiche SpA | Italy 

IMA Industria Macchine Automatiche Spa is engaged in the manufacture and distribution of packaging machinery for the food, pharmaceuticals and cosmetics.

Deal Description: Khaitan & Co acted as the Indian legal counsel to IMA Industria Macchine Automatiche SpA and advised on the Indian regulatory law aspects on the sale of Hassia Packaging Private Limited to Rovema GmbH.

Total Consideration: Confidential

Team Members: The core team consisted of Kartick Maheshwari (Partner), Deepak Jodhani (Partner), Nayantara Kutty (Principal Associate) and Vaishali Nayar (Associate) with assistance from Vinita Krishnan (Director), Sneh Shah (Senior Associate) and Jugal Mundra (Associate) on Direct Tax aspects of the transaction.

Role of Firm: Khaitan & Co acted as the Indian legal counsel to IMA Industria Macchine Automatiche SpA and advised on the Indian regulatory law aspects on the sale of Hassia Packaging Private Limited to Rovema GmbH.

Other legal advisors if any with names of Lead Lawyers:

Representing IMA Industria Macchine Automatiche SpA:  White & Case LLP (Germany)

Representing Rovema GmbH: PSA (New Delhi)