Appointments: Howard Kennedy boosts business crime practice and Steptoe & Johnson adds sanctions expert
03 June 2021
Appointments: Howard Kennedy boosts business crime practice and Steptoe & Johnson adds sanctions expert
This week s collection of lateral moves also sees Cooley bring in a seasoned litigator in Los Angeles
Howard Kennedy adds to business crime offering Howard Kennedy has expanded its business crime practice with the addition of Kyle Phillips from Fieldfisher. London-based Phillips re-joins Howard Kennedy four years after he departed the firm for Fieldfisher in 2018 as a senior associate. He returns as a partner, bringing with him more than a decade of experience handling high-profile financial crime investigations for clients, including Wirecard, EURIBOR, G4S and Forex.
Indian law firm Trilegal has beefed up its banking and finance practice with the hires of Pranav Sharma and Mallika Chopra as partners from Cyril Amarchand Mangaldas (CAM).
Rossari Biotech inks pact to acquire Unitop Chem for ₹421 cr in cash
June 02, 2021
The acquisition will be in multiple tranches
Speciality chemicals manufacturer Rossari Biotech has entered into an agreement to acquire Unitop Chemicals Private Ltd in multiple tranches for ₹421 crore in cash. According to the contours of the deal, the company will acquire about 65 per cent stake in the first tranche, which is expected to be completed by the second quarter of FY22. The remaining part of the acquisition is expected to close in 2023-2024, Rossari Biotech said in a regulatory filing.
The deal price (₹421 crore) is payable in multiple tranches, and subject to certain post-completion adjustments. The company plans to fund the investment through cash on balance sheet and doesn’t intend to raise any debt, it added.
Mumbai, Jun 2: BharatPe, India's leading financial services company for merchants, on Wednesday announced another key addition to its leadership team with