GvW Graf von Westphalen has advised Evonik Industries AG on the acquisition of Indian Monarch Catalyst Pvt. Ltd. together with the Indian law firm of Veritas Legal. The transaction was signed in March 2015 and is expected to close during the first half year of 2015.
Monarch Catalyst Pvt. Ltd. with its seat in Dombivli (greater Mumbai area/India) is specialised in the production of catalysts. Evonik is a global leader in producing specialty catalysts, custom catalysts and catalysts components for the Life Sciences & Fine Chemicals, Industrial & Petrochemicals and Polyolefines market segments. The acquisition in India with annual sales in the low double-digit million Euro range complements Evonik’s leading positions in activated base metal catalysts and precious metal catalysts. Monarch Catalyst’s global oils & fats hydrogenation catalysts business broadens Evonik’s catalysts portfolio. Monarch Catalyst has approximately 300 employees.
Evonik was advised by a team under the lead of Hamburg-based GvW partner Dr. Ritesh Rajani. Veritas Legal was advised by a team under the lead of partner Abhijit Joshi.