TRANSACTION SUMMARY
DSK Legal advised Mandala Capital with respect to its full exit from Edward Food Research and Analysis Centre (“EFRAC”). Mandala Capital’s exit from EFRAC was implemented through primary and secondary investments by QIMA (UK) Limited (“QIMA”).
Mandala Capital is a private equity firm specializing in investments across the food and agriculture value chain in South and South-East Asia. Mandala Capital works closely with its portfolio companies to enhance their operational value, drive growth, and build industry leaders to transform existing food systems.
EFRAC is one of the largest integrated laboratory testing providers in India, and is engaged in the business of providing testing services for over 500 commodities, serving a wide range of verticals including food, agri, drugs and cosmetics.
DSK Legal assisted Mandala Capital in inter alia: (i) reviewing, revising and finalizing the share purchase and subscription agreement (“SPSA”); (iii) drafting, reviewing, revising and finalizing of documents ancillary to the SPSA, including closing documents; and (iii) assisting in the closing of the transaction.
The DSK Legal team which represented Mandala Capital comprised of Mr. Hemang Parekh (Partner), Ms. Saumya Malviya (Senior Associate) and Ms. Sharmishtha Bharde (Senior Associate).
JSA acted as the legal advisor for QIMA. Fox Mandal acted as the legal advisors for EFRAC and the promoters of EFRAC.