Sloan fetches controlling stake in Essel Bath; LKS, Kkl Partners advise

Sloan Global Holdings LLC and its Indian subsidiary Sloan India Private Limited have made a strategic acquisition of a controlling stake in Essel Bath Fittings Private Limited.

Lakshmikumaran & Sridharan Attorneys advised Sloan Global and Sloan India on this acquisition. The Firm's role included advising Sloan on the transaction structure, cross-border regulatory aspects, GST and direct tax implications, as well as drafting, negotiation and finalisation of the transaction documents.

The transaction team consisted of Kunal Arora (Partner), Anupam Misra (Associate Partner), Mitushi Garg (Principal Associate), Jeevesh Jain (Associate) and Satwik Mohapatra (Associate), with assistance from the following:

Direct Tax Team: Karanjot Singh (Partner), Harshit Khurana (Associate Partner) and Rishabh Bhatia (Senior Associate)

LKS GST Team: Shivam Mehta (Executive Partner), Shweta Walecha (Executive Partner), Divya Bhardwaj (Principal Associate) and Anmol Aggarwal (Senior Associate)

KkL Partners advised Essel Bath and its promoters on this transaction.

The transaction team consisted of Aashish Vats (Founding Partner) and Mansi Malik (Associate).

This inorganic acquisition marks a significant leap in Sloan’s expansion into the B2C market in the Indian subcontinent. The move is aimed at strengthening Sloan’s footprint in India’s fast-growing premium and mid-segment bath fittings space, by leveraging Essel’s domestic manufacturing capabilities and distribution network to tap into rising demand driven by urbanisation and housing growth.

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