CMC Textiles Private Limited has entered into a strategic joint venture arrangement with a Belgium-based company, BEKAERT DESLEE Holding NV.

The Joint Venture Arrangement shall be consummated in three closings.

Rajani Associates has acted for and advised CMC Textiles and its Promoter Shareholders on this JV arrangement.

The transaction team consisted of Prem Rajani (Managing Partner), Amish Shroff (Partner), Karen Issac (Senior Associate) and Ruchi Sethna (Associate).

JSA assisted BEKAERT DESLEE in relation to structuring and setting up of a strategic joint venture in India with the CMC Group.

The transaction team consisted of Sidharrth Shankar (Lead Partner), Prakriti Jaiswal (Partner), Anindita Basu (Principal Associate), Rupaly Middha (Associate) and Shubhankar Tiwari (Associate).

CMC Textiles is a well-established family-owned textile company based in India, while BEKAERT DESLEE is the world-leading company in the mattress fabrics and covers industry.

The strategic collaboration between CMC Textiles and BEKAERT DESLEE is expected to create a world-class manufacturing facility together, catering to the large untapped Indian market and some of the most reputed brands across the country.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.