Deal Corner
April 24, 2019
KARL MAYER enters into a joint venture with Rabatex Industries and the A.T.E. Group

DEAL BRIEF

KARL MAYER, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named “KARL MAYER Textile Machinery India Private Limited”, will be majority owned and controlled by KARL MAYER. The joint venture aims to enhance the position and distribution in the Indian market for each of the joint venture partners, especially by using the existing competencies of each of the partner. Rabatex is one of the leading manufacturers of advanced computerized sectional warping machines, direct warpers and warping creels whilst ATE has a strong distributorship network and strength in customer support in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsels to the KARL MAYER Group, and assisted them with the setting up of the joint venture entity as well as negotiation and execution of the joint venture agreement and other supporting documents relating to the business objectives of the JV partners.

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Deal Corner

April 24, 2019

KARL MAYER enters into a joint venture with Rabatex Industries and the A.T.E. Group

DEAL BRIEF

KARL MAYER, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named “KARL MAYER Textile Machinery India Private Limited”, will be majority owned and controlled by KARL MAYER. The joint venture aims to enhance the position and distribution in the Indian market for each of the joint venture partners, especially by using the existing competencies of each of the partner. Rabatex is one of the leading manufacturers of advanced computerized sectional warping machines, direct warpers and warping creels whilst ATE has a strong distributorship network and strength in customer support in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsels to the KARL MAYER Group, and assisted them with the setting up of the joint venture entity as well as negotiation and execution of the joint venture agreement and other supporting documents relating to the business objectives of the JV partners.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.