Gokaldas Exports Limited has acquired the Atraco Group through its wholly owned subsidiaries.
The equity value of the transaction is approximately ₹456.9 crore ($ 55 million). The transaction will comprise acquisition of shares and assets and will be subject to customary regulatory approvals.
This was an offshore acquisition involving multiple jurisdictions.
Khaitan & Co advised Gokaldas Exports in this acquisition deal.
The core team consisted of Anuj Shah (Partner), Hetal Thakkar (Counsel), Aman Dwivedi (Principal Associate), Divya Rajan Patil (Senior Associate), Neelayadakshi Suresh (Associate) and Himani Singh (Consultant) with assistance from the following:
Regulatory aspects of the transaction: Arindam Ghosh (Partner), Sharad Abhyankar (Partner), Anvita Mishra (Principal Associate), Gaurav Malhotra (Principal Associate) and Shubhra Wadhawan (Associate).
Atraco Group, founded in 1986 and headquartered in Dubai, is a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe. Their product range includes shorts, pants, shirts, t-shirts, blouses and dresses catering across age groups.
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