Doms Industries Limited has successfully completed the acquisition of the global rights to the renowned ‘Reynolds’ brand, along with key assets, contractual agreements, employees, and liabilities from Reynolds Pens India and five additional subsidiaries of Newell Brands Inc. The transaction was valued at $3.7 million.
Legal advisory for DOMS was provided by the esteemed law firm Khaitan & Co, which played an integral role throughout the entire transaction process. Their advisory services spanned from the initial term sheet phase and comprehensive due diligence to the meticulous drafting, negotiation, and finalization of all transaction documents.
The dedicated transaction team from Khaitan & Co was led by Aravind Venugopal and Aniruddha Basu, both partners at the firm. Other key members included Nishant Mathew (Principal Associate), Raksha H R (Senior Associate), and Shatakshi Gupta (Senior Associate). They received specialized support across various domains to ensure a seamless acquisition process.
Intellectual Property and Employment Due Diligence
Intellectual Property due diligence was spearheaded by Smriti Yadav (Partner), alongside Rashmee Kumar (Principal Associate), Sidharth Shahi (Senior Associate), and Abhishek Mishra (Associate). For Employment, Labour, and Benefits due diligence, the team was led by Vinay Joy (Partner) and Srishti Ramkrishnan (Partner), with contributions from Simran Sharma (Senior Associate) and Ajay Kranthi Kothwal (Associate).
Tax Advisory Services
The acquisition also involved comprehensive tax advisory services. Direct tax aspects were managed by Rahul Jain (Partner), along with Jinisha Jain (Senior Associate) and Krishnal Shailesh Agrawal (Associate). Indirect tax considerations were addressed by Brijesh Kothary (Partner) and Saundarya Sinha (Senior Associate).
More Read
DOMS Industries Limited, founded in 2006, is a prominent Indian manufacturer of stationery and art materials, based in Valsad, Gujarat. This strategic acquisition of Reynolds is set to enhance DOMS’ portfolio of writing instruments and solidify its standing within the competitive stationery market.
For those interested in publishing Deals, Columns, or Press Releases on Bar & Bench, a submission form is available here.
