Link Legal successfully represents Larsen and Toubro group in its M&A transaction involving sale of 100% stake by Larsen & Toubro Limited in its unlisted subsidiary EWAC Alloys Limited, to ESAB Holdings Limited, a UK based subsidiary of a US based Colfax Group, for a total consideration of Rs. 522 crores. This stake sale transaction is part of overall strategy of L&T group to divest from their non-core business.
ESAB offers a huge range of products and solutions for welding and cutting process. In 2012, ESAB was acquired by Colfax Corp., a diversified industrial manufacturing company based in the US.
Link Legal team comprised of Manish Gupta (Partner), Alok Sonker (Associate Partner), Shivam Tandon (Senior Associate) and Keya Salot (Associate).