Shardul Amarchand Mangaldas & Co. Advises The Carlyle Group, Pigments Spain S.L.

Shardul Amarchand Mangaldas & Co. has advised Pigments Spain S.L., a part of the Altadia Group, in its acquisition of a majority controlling stake in Nahar Colours and Coating Private Limited, a company involved in the manufacturing of ceramic frits, engobes, and compound glazes for ceramic tile bodies in India. Headquartered in Castellon, Spain, Altadia Group is owned by The Carlyle Group and is one of the largest global manufacturer of intermediate products for the production of ceramic tiles.

This strategic acquisition strengthens Pigments Spain S.L.’s position in the Indian and Asia-Pacific markets, helping the Altadia Group expand its footprint in the global ceramics industry.

The transaction team was led by Abhishek Guha, Partner; Tanya Uppal, Partner; Amrita Ghosh, Senior Associate; and Akanksha Khare, Senior Associate.

The due diligence team was led by Abhishek Guha (Partner), Tanya Uppal (Partner), Mukul Baveja (Partner), Madhur Chopra (Principal Associate), Akanksha Khare (Senior Associate), Chayanika Goyal (Senior Associate), Amrita Ghosh (Senior Associate) andSrijan Srivastava (Associate).

Radhika Dudhat (Partner), Bhoumick Vaidya (Partner), Rachna Bagri (Counsel), Harshini Kotecha (Senior Associate) and Vidhi Maniar Sanghavi (Senior Associate), advised on real estate related aspects.

V.R. Neelakantan, Partner, Dnyanraj Desai, Partner, Shubham Sharma (Senior Associate), Priyanka Sheth (Counsel), Dhwani Manish Baxi (Associate)  advised on certain infrastructure related aspects.

Latham & Watkins and PricewaterhouseCoopers advised Pigments Spain S. L. on tax and valuation related matters. 

Khaitan & Co. advised Nahar Colours and Coating Private Limited on the legal aspects.