Refex Life Sciences Acquires Modepro India
Refex Life Sciences Private Limited has successfully acquired Modepro India Private Limited, marking a significant transition from the stewardship of the founding promoters, the Kavalam family, to new corporate management under Refex. The acquisition involved a complete transfer of ownership, with Refex now holding 100% of Modepro’s shares.
Legal Advisory by Rajani Associates
Rajani Associates played a pivotal role as the legal advisor for Modepro and its promoters, the Kavalam family, throughout this acquisition. The firm’s responsibilities encompassed a range of legal services crucial to the transaction’s success. They provided meticulous legal diligence support, ensuring that all aspects of the transaction were thoroughly vetted and aligned with legal standards.
Additionally, Rajani Associates offered guidance on routine housekeeping and legal issues that arose during the diligence process. The advisory team was instrumental in managing the hiving-off of select assets from the target company, ensuring a smooth transition. Their expertise also extended to navigating the complexities of the agreements with Maharashtra Industrial Development Corporation (MIDC) and securing necessary approvals.
Transaction Documentation and Team
Rajani Associates’ role further included the preparation, negotiation, and finalization of all transaction-related and ancillary documents. This comprehensive approach ensured that both Modepro and Refex’s interests were meticulously documented and legally sound.
The transaction team was spearheaded by Amish Shroff, a partner at the firm, with significant contributions from Karen Issac, a principal associate, and Ruchi Sethna, a senior associate. Their collective efforts ensured a seamless advisory process for Modepro’s acquisition.
About Modepro India Private Limited
Modepro India Private Limited is renowned in the pharmaceutical sector for its specialization in the production of advanced intermediates for active pharmaceutical ingredients (APIs) and fine chemicals. This acquisition by Refex is poised to enhance Modepro’s capabilities and market reach under its new ownership.
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