Trilegal, Linklaters, AZB, Slaughter & May act on ₹1000 crore+ acquisition of Morgan's business by Vesuvius

Vesuvius plc has acquired the India molten metals systems business of Morgan Advanced Materials plc for ~₹1,084 crore.

The transaction is structured as an acquisition of Morgan's 75% shareholding in its Indian listed subsidiary, Morganite Crucible (India) Ltd (MCIL), by Vesuvius' Indian listed subsidiary, Foseco India Ltd (FIL), with consideration for the acquisition being the issuance of new FIL shares to Morgan group shareholders in MCIL.

Trilegal advised Vesuvius on this acquisition.

The transaction team was led by Ashwyn Misra (Partner) and Deep Choudhuri (Partner), and included Teeshta Bissa (Senior Associate), Jatin Sharma (Senior Associate), Shebani Bhargava (Senior Associate),, and Associates Isha Sen, Medha Nagpal, Anuraag Pillai and Niti Gosrani.

Partners Kanishka Maggon and Sampath Kumar also assisted on the deal.

Linklaters served as the international legal counsel for Vesuvius.

AZB & Partners advised Morgan Advanced Materials on this transaction.

The transaction team consisted of Daksh Trivedi (Senior Partner), Ankit Tandon (Partner), Aman Jain (Partner), and Associates Shivam Khanna and Srishti Kaushal.

They were supported by Associates Sarthak Sharma, Ananya Dhawan, Sanjana Bhargava and Hansika Chopra, on the due diligence and certain other aspects.

Sumit Mangal (Partner), Harpreet Singh Ajmani (Partner) and Associates Radhika Sharma, Ashish Sarda and Meghna Mittal on the tax related aspects.

Slaughter and May served as the international legal counsel for Morgan Advanced Materials.

The transaction team was led by Christian Boney (Partner) and Simon Nicholls (Partners), with support from Associates Thomas Whitney, Angus Tyrrell, William Parr, Robbie Hardless and Tanyah Hamid.

Vesuvius is a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.

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