Infifresh Foods Private Limited operating under brand name ‘Captain Fresh’ (CF India) and its overseas subsidiary Infifresh Foodtech AS (CF Norway) (collectively “CF Group”)acquired 100% shareholding of Koral S.A. Poland (“Koral”) from its shareholders, GRWC Holdings Limited (a private equity fund) and Futura Simul Fundacja Rodzinna (family foundation) (collectively “Sellers”) in share swap deal.

DSK Legal and Herbert Smith Freehills acted as lead transaction counsel and advised and assisted CF Group in: (a) structuring of and implementing the overall share swap structure with the support of foreign legal counsels at relevant jurisdiction; (ii) drafting, reviewing negotiating and finalizing transaction documents reflecting the swap structure; and (iii) assistance in end-to-end closing in Poland, Norway and India and regulatory filings in India.

The closing of the aforesaid transaction steps completed on December 23, 2024 and was undertaken simultaneously in Poland, Norway and India.

DSK team for this transaction was led by Jayesh Kothari (Partner), Rajlaxmi Kale (Principal Associate), Hemanshi Gala (Senior Associate), Kunal Chopra (Senior Associate) and Sreedatri Dhar (Associate).  

Herbert Smith Freehills, DZP Law (Polish Counsel), Schjodt Legal (Norwegian Counsel), KPMG Legal (Norway) advised CF Group.

Clifford Chance acted as lead counsel along with BAHR A.S, and AZB & Partners for the Sellers.

KPMG Norway, BDO India and E & Y Global acted as tax advisors to this transaction.

Antarctica Advisors acted as investment bankers to this transaction.

 

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