Shardul Amarchand Mangaldas (SAM) Clifford Chance and AZB & Partners advised on Anupam Rasayan’s ~US$155 million acquisition of Jayhawk Fine Chemicals.

The transaction also involved the acquisition of the CABB Group USA business from CABB Europe GmbH. The acquisition marks a strategic expansion for Anupam Rasayan into the U.S. specialty chemicals market.

Jayhawk Fine Chemicals, headquartered in Galena, Kansas, is engaged in the custom manufacturing of advanced intermediates, active ingredients and high-performance materials, serving global industries including electronics, energy, aerospace and polymers.

Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Anupam Rasayan India Limited on the transaction, including advising on the acquisition and related financing aspects.

The transaction team was led by Partner and Regional Practice Head – M&A and Private equity Raghubir Menon and Partner Anirban Bhattacharya, along with Principal Associate Jeel Panchal, Senior Associate Pundrikaksh Sharma and Associate Gaurang Mandavkar.

The due diligence team was led by Partners Raghubir Menon, and Anirban Bhattacharya, along with Principal Associate Jeel Panchal, Senior Associate Pundrikaksh Sharma, and Associates Gaurang Mandavkar, Anushya Ramakrishna, Sriroopa Neogi, and Anubhuti J.

The securities law team was led by Partner Yogesh Chande, along with Associate Anushri Mandal.

The financing team was led by Partner and Co-Head – Banking & Finance Veena Sivaramakrishnan, along with Principal Associate Yash Kahandole, Senior Associate Shubhra Baghel, and Associates Gaurav Karwa and Karina Katrak.

Clifford Chance advised CABB Group on the sale of its 100% equity stake in Jayhawk Fine Chemicals Corporation to Anupam Rasayan India Limited.

The team advising CABB on this transaction was led by Partner Jörg Rhiel and further comprised Counsel Paul Kohlhaas, Senior Associates Elisabeth Kreitmair and Friedrich von Bülow (all Corporate/Private Equity, Frankfurt), Partner Holger Lutz, Senior Associate Michael Kümmel and Associate Stephanie Giek (all Tech/Digital, Frankfurt), Partner Dimitri Slobodenjuk and Counsel Caroline Scholke (both Antitrust, Düsseldorf), Senior Counsel Hannes Deusch (Global Financial Markets, Frankfurt), Partner Katia Gauzès and Counsel Lauren Harris (both Corporate, Luxembourg), Associate Neil Nguyen (Corporate/Private Equity, London), Counsel Daryl Fairbairn (IP, New York), Associates Peter Guinnane and Jack Weymer (both Corporate, New York) as well as Associate David Walsh (Tax, New York).

AZB & Partners advised Axis Bank’s GIFT City branch on the structured financing for the acquisition of Jayhawk Fine Chemicals Corporation by Anupam Rasayan India Limited. The financing was undertaken as one of the early external commercial borrowings under the new FEMA Borrowing and Lending Regulations.

The deal team comprised Senior Partner, Anand Shah, Partner Hufriz Wadia, Senior Associate Prasham Shah, and Associates Pranjali Sharma and Arushi Singh.