Khaitan & Co assists Cosyst Holding on their investment in APAG Holding

The investment was made by way of a combination of secondary purchase of securities from Kanoria Chemicals and primary investment by way of subscribing to equity securities of APAG.
Deals
Deals

Cosyst Holding AG (a wholly owned subsidiary of KPL International Limited) has made a minority investment in APAG Holding AG (APAG) by way of a combination of secondary purchase of securities from Kanoria Chemicals and Industries and primary investment by way of subscribing to equity securities of APAG.

The transaction also involved primary investment by Novares Venture Capital SAS, France (the existing strategic partner in APAG) in APAG to maintain its 20% shareholding in APAG.

Khaitan & Co acted as the transaction counsel to Cosyst and Kanoria Chemicals on this transaction. The core team consisted of Padam Khaitan (Senior Partner), Shourya Sengupta (Partner), Sneh Lata (Principal Associate) and Joysurjo Roy (Associate).

Padam Kumar Khaitan
Padam Kumar Khaitan

APAG Holding AG is a Swiss Corporation incorporated under the laws of Switzerland and is an established supplier to the European and global automotive industry has specialized in certain areas of expertise which inter alia include: (a) ECU (Electronic Control Units), (b) Lighting (LED based comfort lighting applications), and (c) EMS (Electronic Manufacturing Services). APAG’s clients are include large European OEMs wherein APAG serves as Tier 1+n supplier.

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