Adventz Developers LLP has formed a 50:50 joint venture with Nobilia International GmbH, a German company within the Nobilia group, which is primarily engaged in the business of kitchen and other furniture manufacturing.
Khaitan & Co acted as the legal counsel to Adventz Developers LLP and Nobilia India and advised and assisted them on structuring of the transaction, drafting, negotiation, finalisation and execution of the joint venture agreement and other ancillary agreements including trademark license agreements, marketing agreement, and supply agreement.
The transaction team comprised of Shourya Sengupta (Partner), Sneh Lata (Counsel), Joysurjo Roy (Senior Associate) and Unnati Khanna (Associate). The following provided assistance:
Intellectual Property aspects: Shailendra Bhandare (Partner), Sourav Dan (Counsel).
The joint venture company named Nobilia India Private Limited is formed to undertake the business of importing, manufacturing and trading of kitchenware, bathroom furniture, living room furniture, and wardrobe furniture and all components and accessories in relation thereto in India, under the brand ‘Nobilia’.
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