Firm Matters
BackKhaitan & Co advised FMC Corporation on its divestment of India crop protection commercial business to Crystal Crop Protection Limited for a total consideration of USD 252 million.
FMC group entered into definitive agreements to divest its India 'crop protection commercial business' housed in FMC India Private Limited through sale of 100% equity stake of FMC India Private Limited. The transaction contemplates divestment of 100% stake of FMC India upfront along with preferred access to FMC India post sale to certain pipeline products of FMC India as per pre-agreed terms.
The Firm role included advising FMC on structuring, preparing vendor due diligence report, internal reorganisation of the company, bid stage advice, anti-trust analysis and advice, negotiation with bidders and finalisation of transaction documents which included a share purchase agreement, side letter agreement and ancillary agreements such as Intellectual property License Agreement, Innovation Access Agreement, Transition Services Agreement, Supply Agreement and Reverse Supply Agreement.
Deal Team
The core team consisted of Surbhi Kejriwal (Partner), Anshuman Mozumdar (Partner), Ayush Nanda (Partner), Dipshikha Dhar (Principal Associate), Nikhil Singh (Senior Associate) and Ashutosh Mishra (Senior Associate)
The deal was assisted by:
Competition / Antitrust: Anshuman Sakle (Partner), Yatharth Vardhan Singh (Senior Associate), Sana Vaidya (Associate) and Vrinda Bhardwaj (Associate);
Intellectual Property: Nirupam Lodha (Partner), Malika Nandkeolyar (Principal Associate), Malika Nandkeolyar (Principal Associate), Toshani Mukherjee (Senior Associate), Rebecca Cardoso (Associate)
Privacy and Data Protection: Supratim Chakraborty (Partner), Shramana Dwibedi (Principal Associate)
Employment Labour & Benefits: Deepak Kumar (Partner), Archika Dudhwewala (Principal Associate)
Restructuring & Insolvency: Siddharth Srivastava (Partner)
Real Estate: Mudit Shah (Partner), Nidhi Kantibhai Marakana (Associate)
Projects & Project Finance: Henna Vadhera (Counsel) Toshani Mukherjee (Senior Associate)
Corporate & Commercial: Nikhil Singh (Senior Associate), Ravi Shankar (Senior Associate), Vidhi Damani (Associate), Sanjitha Ravi (Associate)
Direct Tax: Vinita Krishnan (Executive Director), Sneh Shah (Partner), and Bharat Jain (Principal Associate)
