Trilegal and JSA advise on IndiaRF's ₹1,000 crore acquisition of Anthea Aromatics

Trilegal and JSA Advocates & Solicitors acted on India Resurgence Fund in its acquisition of a controlling stake in Anthea Aromatics Private Limited, one of India’s oldest aroma chemical companies, for up to ₹1,000 crore.

Trilegal advised IndiaRF on this transaction.

The Corporate Team advising on the matter was led by Partner: Harsh Jain and supported by Counsels: Prarthna Baranwal and Anamika Ray; Senior Associates: Swarnima Jayanto Mukherjee, Chandni Ochani and Jatin Sharma; Associates: Suyash Bhamore, Divyansh Nayar, Akhil Kumar, Manya Chhabra and Ishika Kansal

The Banking and Finance Team advising on the matter was led by Partner: Prasan Dhar and supported by Counsel: Aditya Gupta.

The Employment Team advising on the matter was led by Partner: Parvathy Tharamel.

The Environmental Compliances Team advising on the matter was led by Partner: Rajat Jariwal; and supported by Counsel: Abhishek Iyer; Associates: Prerna Singh and Shatakshi Tripathi

The Real Estate Team advising on the matter was led by Partner: Samira Lalani and supported by Senior Associates: Krushanu Pandya, Shalaka Nilesh Mehta, and Swarnali Chanda.

The Technology, Media, and Telecommunications Team advising on the matter comprised Senior Associate: Akshaya Parthasarathy; and Associate: Amala G.

JSA advised the Anthea group and the existing shareholders of Anthea Aromatics including ICICI Ventures, Mr. Paul Vincent Menacherry and Mr. Mathew Vincent Menacherry (promoters of Anthea group) on this transaction.

The transaction team consisted of Tirthankar Datta (Lead Partner), Avantika Govil (Partner), Harshil Shubham (Senior Associate) and Ciol Kumar (Associate).

They were supported by the Employment Law team consisting of Maneesh Upadhyay (Partner), Yash Shah (Associate) and Abhay Almal (Associate).

With this investment, IndiaRF aims to support Anthea Aromatics' growth and expansion plans. The company plans to utilise the funds to strengthen its manufacturing capabilities, expand its product portfolio, and explore new markets.

India Resurgence Fund (IndiaRF), a joint venture between Piramal Enterprises and Bain Capital.

Anthea, which was established in 1992, has grown into a leading aroma specialty chemicals group in India. The company operates five manufacturing facilities across Maharashtra and Karnataka

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