AZB & Partners advised Miranda Tools Private Limited on the deal, while Khaitan & Co advised Sandvik Machining Solutions AB on the deal.
As reported in Legally India and in others online publications Dormer Pramet, a division within Sandvik Machining Solutions, signed an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools.
Dormer Tools AB manufactures and distributes power, hand, and edge tools products, the company markets its products to retail building materials outlets, construction companies, and craftsmen throughout
The AZB & Partners team consisted of partner Anand Shah, senior associates Shriram Shah and Siddharth Paranjpe.
The Khaitan & Co. team consisted of Partner Tanvi Kumar (Picture), Bharat Anand (Partner), Akshay Sharma (Senior Associate), Abhiroop De (Associate), Tanmaya Negi (Associate), Saumyam Krishna (Associate), Indruj Singh Rai (Partner) and Aashima Sawhney (Associate), Ayush A. Mehrotra (Partner) and Upkar Agrawal (Associate), Shailendra Bhandare (Partner) and Vivek Singh (Associate); and Nawneet Vibhaw (Partner).
Involved fees earner: Siddharth Paranjpe – Azb & partners; Anand Shah – Azb & partners; Shriram Shah – Azb & partners; Ayush Mehrotra – Baker McKenzie; Upkar Agrawal – Khaitan & Co.; Bharat Anand – Khaitan & Co.; Shailendra Bhandare – Khaitan & Co.; Abhiroop De – Khaitan & Co.; Saumyam Krishna – Khaitan & Co.; Tanvi Kumar – Khaitan & Co.; Tanmaya Negi – Khaitan & Co.; Aashima Sawhney – Khaitan & Co.; Akshay Sharma – Khaitan & Co.; Vivek Singh – Khaitan & Co.; Indruj Singh Rai – Khaitan & Co.;