Pinsent Masons advises Nirma on $1.4bn acquisition of LaFarge India

14 Jul 2016 | 11:58 am |

International law firm Pinsent Masons has advised Indian conglomerate Nirma Limited in a global auction process culminating in Nirma's acquisition of Lafarge India Limited ("LIL") from LarfargeHolcim, for an enterprise value of approximately USD $1.4 billion.

Nirma has entered into a letter agreement with the Franco-Swiss cement group to acquire, subject to approval by the Competition Commission of India, LarfargeHolcim's Indian operations including plants and grinding units with a total capacity of circa 11 million tonnes per annum.

Nirma, headquartered in Ahmedabad, is a closely-held conglomerate founded by Karsanbhai Patel with interests in FMCG, soda ash, chemicals and packaging. The purchase of LarfargeHolcim's cement, aggregates and ready mixed concrete assets will complement the company's current operations and catapult it in east, north and western India as a prominent cement producer.

Nirma was represented by Pinsent Masons acting as international legal counsel, with a team led by Andrew Kerr and Joanna Jowitt, alongside Mumbai-based Crawford Bayley with a team led by Sanjay Asher and Bhumika Batra.

Commenting on the deal Andrew Kerr said:

"This transaction is a landmark and significant step for Nirma and the acquisition of a strong platform in Lafarge India will allow the cement business to be taken to the next level.  It is the second $1bn plus deal we have transacted in the building materials sector in a little over a year, having completed on the sale of Hanson Building Products during 2015 and the second $1bn plus deal the firm has handled in a week."

LafargeHolcim was represented by Freshfields Bruckhaus Deringer as international counsel alongside AZB and Partners, Mumbai.

Latest press releases

Show me all press releases

Pinsent Masons advises the UK government on purchase of further 60m doses of Covid-19 vaccines

Multinational law firm Pinsent Masons has successfully advised the UK government on an agreement to purchase an additional 60m doses of the Pfizer BioNTech Covid-19 vaccine for the autumn revaccination programme.

Pinsent Masons launches Equality Law practice

Multinational law firm Pinsent Masons has announced a unique equality law specialism that supports clients in managing the cultural and legal aspects of discrimination and inclusion issues.

Pinsent Masons hires technology, science and industry partner in Amsterdam

Multinational law firm Pinsent Masons has hired its second partner in Amsterdam recruiting corporate partner and civil-law notary Alexander Spoor as it boosts its technology, science and industry (TSI) capabilities in The Netherlands.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises the UK government on purchase of further 60m doses of Covid-19 vaccines

Multinational law firm Pinsent Masons has successfully advised the UK government on an agreement to purchase an additional 60m doses of the Pfizer BioNTech Covid-19 vaccine for the autumn revaccination programme.

Pinsent Masons launches Equality Law practice

Multinational law firm Pinsent Masons has announced a unique equality law specialism that supports clients in managing the cultural and legal aspects of discrimination and inclusion issues.

Pinsent Masons hires technology, science and industry partner in Amsterdam

Multinational law firm Pinsent Masons has hired its second partner in Amsterdam recruiting corporate partner and civil-law notary Alexander Spoor as it boosts its technology, science and industry (TSI) capabilities in The Netherlands.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts