#JYOTHY

Jyothy Laboratories Ltd, India acquires 50.97% stake in Henkel India Limited ("HIL"), listed at the National Stock Exchange India, from Henkel AG & Co. KGaA. This follows the previous acquisition of the 14.9% stake in HIL from the Indian promoter Tamilnadu Petroproducts Ltd in March 2011. Network Corporate Finance with its Indian partner MAPE Advisory Group jointly advised Jyothy on the transaction.

#Key data

Industry: Retail & eCommerce
Client: JYOTHY
Project type: M&A
Description: Buy-Side mandate
Date: May 2011

Transaction 

Jyothy Laboratories Ltd, India ("JLL") acquires an additional 50.97% stake in publicly listed Henkel India Limited ("HIL") from Henkel AG & Co. KGaA. This follows the previous acquisition of a 14.9% stake in HIL from the Indian promoter Tamilnadu Petroproducts Ltd in March 2011. The acquisition will trigger a mandatory open offer to the public shareholders of HIL. HIL reported a turnover of EUR 85 million. Transaction value amounted to EUR 130 million.

The joint advisory role of Network Corporate Finance and MAPE Advisory for Jyothy Laboratories Ltd is a hallmark in the cooperation of both partners. It underpins the efforts to fully serve clients in challenging cross-border transactions.

 

Rationale 

JLL and HIL have strong synergies in various business segments, as both are present in Home Care, Fabric Care, Dish wash, Personal Care and Household Cleaning segments. The acquisition will bring JLL a strong complementary portfolio of brands and reach, elevating JLL to amongst the top five FMCG players in India.

 

The Company 

Jyothy Laboratories Ltd, a fast moving consumer goods Company founded in 1983. The multi brand company manufactures and markets products in Fabric Care, Mosquito Repellent, Surface Cleaning & Personal Care. 2010 Turnover amounted to EUR 105 million. The company employs 2000 people and has 28 manufacturing facilities in 16 locations across India.

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