Cyril Amarchand Mangaldas advised V-Guard Industries Limited (V-Guard), on its proposed acquisition of 100% stake in Sunflame Enterprises Private Limited (Sunflame), for an aggregate value of INR 660 crores, on a cash-free debt-free basis, subject to closing adjustments. V-Guard is a consumer electrical and electronics major in India. Sunflame is a significant player in the domestic kitchen appliances segment.

The General Corporate Practice of Cyril Amarchand Mangaldas advised V-Guard on the transaction. The transaction team was led by Akila Agrawal, Partner and Head – M&A; and Navin Kumar, Partner; with support from Ashlesha Mittal, Associate; Abhishek Ganguly, Associate; and Aryan Vij, Associate.

Intellectual Property advisory was provided by Pallavi Rao, Partner; with support from Shatrajit Banerji, Principal Associate Designate.

Employment law advisory and due diligence was led by Richa Mohanty Rao, Partner; with support from Mansi Mantoo, Senior Associate; and Kartik Adlakha, Associate. Competition law advisory was provided by Vijay Pratap Singh Chauhan, Partner.

The in-house legal team of V-Guard was led by Roopak Ahluwalia, Head – Legal.

Other Parties and Advisors to the transaction included Singhi Advisors (acted as transaction advisor for V-Guard) and Deloitte Touche Tohmatsu India (acted as financial advisor for V-Guard).

The transaction was signed on December 9, 2022; and the closing is subject to the completion of customary conditions precedent.