SAM & Co Advises Alstom on Sale of 51% Stake in Alstom Bharat Forge Power to the GE Group

Shardul Amarchand Mangaldas & Co (SAM & Co) acted as India legal counsel to Alstom in relation the sale of Alstom’s stake in Alstom Bharat Forge Power Private Limited, to the GE Group. This transaction involved the sale of Alstom’s entire 51% shareholding in its joint venture with Bharat Forge Limited to GE.

The General Corporate Team of Shardul Amarchand Mangaldas Team was led by Ms. Akila Agrawal, Partner, and included Mr. Mukul Sharma, Principal Associate, Ms. Sumi Saikia, Associate.

The Shardul Amarchand Mangaldas team advised Alstom in relation to the drafting of relevant corporate authorisations and transaction documents.  This transaction was a part of the global acquisition of the thermal and renewable power and grid business of Alstom by GE in various jurisdictions. In India the acquisition was consummated by gaining indirect control of two Alstom listed entities by GE and this direct transfer of shares of Alstom Bharat Forge Private Limited.

The parties involved in the transaction were Alstom, GE and Bharat Forge.

Practice Group: General Corporate

Date of Closing: November 26, 2015

Other Advisors: Other Advisors to the deal were:

1. Advisors to GE: AZB and Slaughter & May

2. Advisors to Alstom: Shardul Amarchand Mangaldas & Co and Hogan Lovells

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co is one of India’s leading full service law firms. Founded on almost a century of legal achievement, SAM & Co. reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers & Acquisition, Competition Law, Dispute Resolution & Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.

Its mission is “enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration”. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.

Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 370 lawyers, including 70 partners across its six offices in India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.