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Nishith Desai Associates: Deal Corner

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Nishith Desai Associates: Deal Corner

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April 24, 2019

KARL MAYER ENTERS INTO A JOINT VENTURE WITH RABATEX INDUSTRIES AND THE A.T.E. GROUP 

DEAL BRIEF

KARL MAYER, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named “KARL MAYER Textile Machinery India Private Limited”, will be majority owned and controlled by KARL MAYER. The joint venture aims to enhance the position and distribution in the Indian market for each of the joint venture partners, especially by using the existing competencies of each of the partner. Rabatex is one of the leading manufacturers of advanced computerized sectional warping machines, direct warpers and warping creels whilst ATE has a strong distributorship network and strength in customer support in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsels to the KARL MAYER Group, and assisted them with the setting up of the joint venture entity as well as negotiation and execution of the joint venture agreement and other supporting documents relating to the business objectives of the JV partners.

Legal500 Asia-Pacific 2019: Tier 1 for Dispute Resolution, International Tax, Investment Funds, Labour & Employment, TMT and Corporate M&A

Chambers and Partners Asia Pacific 2019: Band 1 for Labour & Employment, Lifesciences, Tax and TMT

AsiaLaw 2019: Ranked ‘Outstanding’ for Technology, Labour & Employment, Private Equity, Regulatory and Tax

IFLR 1000 Asia Pacific 2019: Tier 1 for TMT and Private Equity

RSG-Financial Times: India’s Most Innovative Law Firm (2014, 2015 & 2017)

RSG-FT Awards (London) 2016: Asia Pacific’s Most Innovative Law Firm

Merger Market 2018: Fastest growing M&A practice

Benchmark Litigation Asia Pacific 2018: Tier 1 for Tax

IDEX: Tier 1 for Dispute Resolution

Asian Mena Counsel’s In-House Community Firms survey 2018- NDA voted as the only firm from India to excel in the Life Sciences sector

The Most Innovative Law Firm in Asia-Pacific

DISCLAIMER

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Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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