A multi-disciplinary team at Clyde & Co has advised Kolkata based WPIL, which has over 50 years experience in designing and manufacturing pumping systems, on its acquisition of Mathers Foundry Limited, a leading supplier of top quality steel sand castings based in Manchester.
Simon Vere Nicoll, a Partner in the Corporate Group at Clyde & Co who lead the deal, says:
"We are pleased to have assisted WPIL in this acquisition, which adds a key supplier to its already long list of overseas ventures and marks the latest in an increasing trend of investment by Indian companies in UK businesses.
"This transaction involved advice from across the firm – including corporate, employment, real estate and intellectual property. It demonstrates the breadth of expertise and international focus that Clyde & Co offers."
Commenting on the transaction, Mr KK Ganeriwala, executive director of WPIL Limited, said:
"We are delighted to add Mathers Foundry to our expanding portfolio of businesses and look forward to building on the company's long history of success. Clyde & Co provided WPIL with invaluable support across a range specialist areas and I would like to thanks all those involved for the high level of their services.
Clyde & Co's team was led by Partners Simon Vere Nicoll (Corporate) and Nick Elwell-Sutton (Employment), supported by Associates John Hopper (Corporate), John Pearce (Real Estate), Rebecca Chant (Commercial & IP) and Phil Norton (Tax).