Leading global law firm, Baker McKenzie, has advised Jain Irrigation Systems Limited (Jain Irrigation), an Indian multinational company with manufacturing plants in 30 locations across the globe, on the merger of its international irrigation business with Temasek-owned Rivulis Pte Ltd. The merger will create a global irrigation and climate leader with unparalleled market coverage and around US$ 750 million in revenues.
Jain Irrigation will continue to hold a 22% stake in the merged entity, with Temasek becoming the majority shareholder with a 78% stake. The Company will be dual headquartered in Singapore and Israel and will continue to be named Rivulis Pte. Ltd. The transaction is subject to required regulatory approvals and other customary closing conditions and is expected to be completed by early 2023.
The Baker McKenzie team was led by London Corporate Partner Alex Lewis, Corporate Finance Partner Haden Henderson and Restructuring & Insolvency Partner Priyanka Usmani, with support from Corporate Senior Associate James Heller, Associate Debaditya Datta and Trainee Henry Gee.
The team also included Finance Senior Associate Sonali Maulik and Finance Associates Alex Taylor, Elaine Baynham and Nick Parker. Tax advice was provided by London Partner Alistair Craig and London Tax Adviser Chris Pilkington, with Dallas Partner Lane Morgan. London Partner Luiz Gomez led on antitrust matters, with support from London associate Bethan Lukey and Washington DC Partner Brian Burke. London Partner Steve Holmes advised on IP & Technology matters with London Associates Dan Relton and Natasha Denton.
Goldman Sachs acted as financial adviser and PWC acted as tax and due diligence adviser to Jain Irrigation for the transaction.
Jain Irrigation will continue to hold a 22% stake in the merged entity, with Temasek becoming the majority shareholder with a 78% stake. The Company will be dual headquartered in Singapore and Israel and will continue to be named Rivulis Pte. Ltd. The transaction is subject to required regulatory approvals and other customary closing conditions and is expected to be completed by early 2023.
The Baker McKenzie team was led by London Corporate Partner Alex Lewis, Corporate Finance Partner Haden Henderson and Restructuring & Insolvency Partner Priyanka Usmani, with support from Corporate Senior Associate James Heller, Associate Debaditya Datta and Trainee Henry Gee.
The team also included Finance Senior Associate Sonali Maulik and Finance Associates Alex Taylor, Elaine Baynham and Nick Parker. Tax advice was provided by London Partner Alistair Craig and London Tax Adviser Chris Pilkington, with Dallas Partner Lane Morgan. London Partner Luiz Gomez led on antitrust matters, with support from London associate Bethan Lukey and Washington DC Partner Brian Burke. London Partner Steve Holmes advised on IP & Technology matters with London Associates Dan Relton and Natasha Denton.
Goldman Sachs acted as financial adviser and PWC acted as tax and due diligence adviser to Jain Irrigation for the transaction.
Explore Our Newsroom