Argus, SAM, Latham, Khaitan advise Apollo - Tega consortium on $1.45 billion acquisition of Molycop

A consortium of Apollo Global Management, Inc. and Tega Industries Limited has acquired Molycop, a leading global supplier of grinding media for the mining industry, from American Industrial Partners, for $1.45 billion.

Argus Partners advised Tega on the consortium arrangements with Apollo, as well as the consortium itself on the overall acquisition.

The transaction team consisted of Krishnava Dutt (Managing Partner), Armaan Patkar (Partner), Jaidrath Zaveri (Principal Associate), and Associates Kanishk Gambhir, Vishakha Somani, Srishti Solanki, with anti-trust advise being provided by Adity Chaudhury (Partner), and Associates Anika Sharma, Anoushka Mani, Suvanwesh Das.

Shardul Amarchand Mangaldas & Co advised Apollo on the consortium arrangements with Tega, as well as the consortium itself on the overall acquisition.

The transaction team consisted of Gunjan Shah (Partner), Nirmal Mahatani (Partner), Siddharth Damle (Principal Associate) and Oorja Chari (Associate).

Rohan Arora (Partner), along with Associates Vasudha Verma and Arjav Kulshrestha advised on Competition law aspects.

Latham & Watkins also advised Apollo on the consortium arrangements with Tega, as well as the consortium itself on the overall acquisition

The transaction team was led by James Clayton-Payne (Partner, Singapore), Justin Rosenberg (Partner, NY), Nicholas Luongo (Partner, Washington D.C.) and Marc Granger (Partner, Washington D.C.).

Advice was provided on finance matters by Manu Gayatrinath (Partner, Washington D.C.) and Melissa Fabian (Partner, Washington D.C.);

on tax matters by Katharine Moir (Partner, Silicon Valley);

on ESG matters by Joshua Marnitz (Partner, LA);

on DTT matters by Morgan Brubaker (Partner, Washington D.C.);

on real estate matters by Dara Denberg (Partner, NY);

on antitrust matters by David Brenneman (Partner, Washington D.C.).

Khaitan & Co advised the seller American Industrial Partners on this transaction. The Firm advised and assisted on structuring the transaction and finalization of documents.

The core team consisted of Ashwin Bishnoi (Partner), Amanee Kadakia (Senior Associate) and Pranshu Gupta (Associate) with assistance from the following:

Securities law related aspects: Sudhir Bassi (Executive Director), Abhishek Dadoo (Partner), Gaurang Mansinghka (Senior Associate) and others;

Tax law related aspects: Rahul Jain (Partner) and Jinisha Jain (Senior Associate);

Anti-trust law related aspects: Pranjal Prateek (Partner).

The acquisition puts Tega in a leading position in the mining sector with access to an extensive manufacturing platform comprising 26 manufacturing facilities across the globe.

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