DSK Legal Advised CF Group On 100% Acquisition Of Koral S.A. Poland
DSK Legal Advised CF Group On 100% Acquisition Of Koral S.A. Poland
Infifresh Foods Private Limited, operating under the 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 a share swap deal.
DSK Legal and Herbert Smith Freehills acted as lead transaction counsel and advised and assisted CF Group in: (i) structuring of and implementing the overall share swap structure with the support of foreign legal counsels at relevant jurisdictions; (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 was completed on December 23, 2024, and was undertaken simultaneously in Poland, Norway, and India.
The DSK team for this transaction was led by Partner Jayesh Kothari, Principal Associate Rajlaxmi Kale, Senior Associates Hemanshi Gala, Kunal Chopra, and Associate Sreedatri Dhar.
Herbert Smith Freehills, DZP Law (Polish Counsel), Schjodt Legal (Norwegian Counsel), and 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.
