Kochhar & Co. Advises Monarch Industries Limited, a portfolio company of TriWest Capital Partners, on its investment in Yerik Hydraulics Private Limited. Kochhar & Co. acted as lead Indian counsel to Monarch Industries Limited (Monarch), a portfolio company of TriWest Capital Partners (“TriWest”), on their investment in Yerik Hydraulics Private Limited (“Yerik”) to become a joint venture partner and 50% shareholder in Yerik. Monarch is a leading manufacturer of hydraulic cylinders and custom iron castings, serving OEM customers globally and based in Canada. Yerik is an Indian based entity engaged in the business of manufacturing complete hydraulic cylinders.

The joint venture between Monarch and Yerik will help both companies expand their hydraulic cylinder manufacturing business, both in India and around the globe, and marks a key milestone in the Indian hydraulic cylinders manufacturing sector. Founded in 1998, TriWest Capital Partners is one of Canada’s leading private equity firms, having raised over $1.75 billion ($CAD) of committed capital and completed 50 platform investments across seven funds.

The Firm provided end-to-end support and assistance in the transaction, which entailed preparing, negotiating, and finalizing the definitive transaction documents (such as the Subscription Agreement and the Shareholders’ Agreement), undertaking a comprehensive due diligence on the company, and assistance with all closing and post-closing actions.

The transaction was led by the Kochhar Bangalore corporate M&A team comprising of Partner Anuj Kaila and Associate Adityan Rangaswamy. Various other members of the Kochhar Bangalore office also assisted with the transaction and the due diligence.