CAM, Trilegal act on Blackstone acquisition of Piramal Glass for $1 Billion

Bain Capital too was in the race to buy Piramal Glass.

Bar & Bench

Published:11th Dec, 2020 at 12:27 PM

Private equity major Blackstone has signed a deal to acquire Piramal Group’s Piramal Glass for around $1 billion (Rs 7,357 crore).

Cyril Amarchand Mangaldas acted for Blackstone and the team was led by Partner Shishir Vayttaden.

Trilegal advised Piramal Glass.

The deal contour includes an upfront payment of $850 million while Piramal Group will get approximately $150 million on achieving certain milestones, to be paid over 2 years, reported CNBC.

CAM, Trilegal act on Blackstone acquisition of Piramal Glass for $1 Billion

Bain Capital too was in the race to buy Piramal Glass.

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