Wipro Enterprises has made an acquisition of a majority stake in Lauak Group from the Charritton family through a cross-border multijurisdictional deal.

Herbert Smith Freehills Kramer advised Wipro Enterprises on this stake acquisition.

The transaction team was led by Wipro Enterprises relationship partner Siddhartha Shukla and partner Cyril Boulignat, together with partners Emma Rohsler, Emmanuel Ronco, Anne Petitjean, Veronica Roberts, Bruno Knadjian, of counsel Camille Lartigue, and associate Rhys Williams. 

The wider team included Jonathan Mattout, Sergio Sorinas, Nicolas Pegou, Ananya Bajpai, Loïc Chomet, Thomas Martin, Marcelo Valenca, Frank Thompson, Emmanuel Piekut, Johanna Gonnord, Clemence Dubois Ahlqvist, Timothee Carpentier, Ali McGregor, Noémie Laurin, Joanne Holbrook, Hugues Colombani, Sylvain Piémont, Pierre-Enzo Fraysse, Maxime Menache and Marie Louvet from the firm's London and Paris offices.

Partner Siddhartha Shukla commented: "We are very proud to have advised Wipro Enterprises on this strategically important transaction for the parties. This is a significant deal for the aerospace sector globally, and we were able to draw on our expertise and deep understanding of the various markets to deliver a successful outcome for the client."

The Herbert Smith Freehills Kramer team also worked closely Dnyanesh Sabnis who is the General Counsel of Wipro Enterprises on this deal.

Paris based Oyat Avocats advised Lauak Group on this transaction.

The transaction team consisted of Caroline Basdevant-Soulié (Corporate Partner), Ouisse Weiss AKHONZADA (Associate), Romain Chinchole (Counsel) and Fabien Pomart (Employment Partner).

Wipro Aerospace, a division of Wipro Infrastructure Engineering which was established in 2011, delivers end-to-end solutions across actuators, aerostructures, machining, sheet metal fabrication, assembly, and testing. With three state-of-the-art manufacturing facilities across the globe, Wipro Aerospace supports leading OEMs through advanced capabilities and deep industry expertise.

Lauak Group is a 50-year-old, family-owned renowned French aerospace manufacturer and Tier-1 supplier to major global aerospace companies, with operations in France, Portugal, Canada, Mexico and India.

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