Jindal Group’s acquisition of Treofan Holdings GmbH (Treofan Europe)

Jindal Group – one of most dynamic Indian Industrial conglomerates – has completed the acquisition of 100% share of Treofan Holdings GmbH, Germany (“Treofan Europe”). LED Taxand, Baker McKenzie and Alvarez & Marsal India advised Jindal on the deal.

Treofan Europe is a major manufacturer of biaxially oriented propylene films (BOPP films) for packaging, label, tobacco and technical applications in Europe. The acquisition of Treofan Europe strengthens B.C. Jindal group’s position in the industry, offering a very broad and complementary product range and an appealing value proposition to support customer’s evolving needs.

Jindal Steel & Power Limited manufactures sponge iron, mild steel, and cement. The Conglomerate also produces power, conducts mining operations for iron ore and coal, and explores for natural gas and oil.

M&C SpA is a permanent capital investment vehicle. The Company invests in equity and debt instruments, industrial development and/or financial structuring projects, including with a medium to long-term outlook.

LED Taxand advised Jindal on tax aspects with a team led by Guido Arie Petraroli and including Paolo Ruggiero and Francesco Cardone.

In Germany Backer Mckenzie advised Jindal on the transaction and Alvarez Marsal advised the multinational in India.

Baker McKenzie advised an affiliate of Indian B.C. Jindal Group on the acquisition of Treofan Group with a team led by Corporate partners Berthold A. Hummel and Michael Bartosch. The Corporate/M&A team also comprised Julia Braun (Counsel, Munich), Vanessa Fritzsche (Associate, Frankfurt), Dr. Markus Mörtel (Associate, Frankfurt), Dr. Tino Marz (Associate Munich), Raffaele Giarda (Partner, Rome), Antonio Lattanzio (Associate, Rome), Dr. Holger Ellers (Partner, Berlin). On Anti Trust & Trade law advised Dr. Nicolas Kredel (Partner, Düsseldorf), Clara Dust (Associate, Düsseldorf); on Banking & Finance aspects provided assistance Kathrin Marchant (Partner, Frankfurt); on IP law advised Dr. Johannes Druschel (Associate, Munich); on Employment matters assisted Christian Koops (Associate, Munich) and Giulia Spalazzi (Associate, Milan); on Pensions law advised Dr. Anna Verena Böhm (Counsel, Frankfurt); on Public Law matters provided assistance Dr. Tim Heitling (Partner, Berlin), Dr. Claire Dietz-Polte (Associate, Berlin) and Dr. Andreas Schulz (Counsel, Berlin); and on Commercial law advised Dr. Ingmar Oltmanns (Associate, Frankfurt).

Involved fees earner: Michael Bartosch – Baker McKenzie; Berthold Hummel – Baker McKenzie; Julia Braun – Baker McKenzie; Vanessa Fritzsche – Baker McKenzie; Markus Mörtel – Baker McKenzie; Tino Marz – Baker McKenzie; Raffaele Giarda – Baker McKenzie; Antonio Lattanzio – Baker McKenzie; Holger Ellers – Baker McKenzie; Nicolas Kredel – Baker McKenzie; Clara Dust – Baker McKenzie; Kathrin Marchant – Baker McKenzie; Johannes Druschel – Baker McKenzie; Christian Koops – Baker McKenzie; Giulia Spalazzi – Baker McKenzie; Anna Verena Böhm – Baker McKenzie; Tim Heitling – Baker McKenzie; Claire Dietz-Polte – Baker McKenzie; Andreas Schulz – Baker McKenzie; Ingmar Oltmanns – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Jindal Group;