Khaitan & Co, SAM act on Godrej acquiring the FMCG and sexual wellness business of Raymond

Godrej Consumer Products Limited has acquired the FMCG and sexual wellness business of Raymond Consumer Care Limited housed under the Park Avenue and Kama Sutra brands for a total consideration of ₹2,825 crores in an all-cash deal.

Khaitan & Co advised on structuring, drafting and negotiating the entire deal and advising on post-closing integration aspects.

The core team consisted of Rahul Dutt (Partner), Surbhi Kejriwal (Partner), Purti Minawala (Partner), Aadhya (Principal Associate), Aman Anand (Principal Associate), Vedika Bhandari (Senior Associate), Sanket Pargaien (Associate), Ahaan Dar (Associate) and Nikhil Singh (Associate). and with assistance from the following:

Intellectual Property: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) and Kinjal Parikh (Associate)

Transaction structuring: Bhavin Vora (Executive Director), Hiten Kotak (Executive Director) and Raina Sakhale (Senior Associate)

Due diligence: Amit Wadhwani (Partner), Tanvi Tekriwal (Senior Associate), Chaitanya Deshpande (Associate) and Shrilakshmi Sivanandam (Associate)

Employment: Anshul Prakash (Partner), Kruthi Murthy (Senior Associate) and Sana Sarosh (Associate)

Indirect tax and integration: Udayan Choksi (Partner), Dinesh Kumar Agrawal (Executive Director) and Pranay Sahay (Principal Associate)

Antitrust: Anshuman Sakle (Partner)

Shardul Amarchand Mangaldas & Co. acted for Raymond Consumer Care Limited on the deal.

Transaction structuring - Led by Akshay Chudasama (Managing Partner); Anuj Bhasme (Partner); Avichal Mathur (Principal Associate); Rishikesh Desai (Senior Associate); Jessica Bagchi (Associate); Apeksha Narula (Associate) and Aakash Rao (Associate).

Competition team - Led by Aparna Mehra (Partner); Gauri Chhabra (Partner); Ritika SooD (Senior Associate); Gargi Yadav (Consultant); Kshitij Sharma (Associate) and Ujwala Kishore Adikey (Associate).

Litigation - led by Lalan Gupta (Partner); Atika Vaz (Principal Associate) and Rohit Iyengar (Associate).

This is Godrej's biggest India acquisition to date.

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