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Alps Industries Ltd.

"Having worked with ACL since 1994, we have been continuously impressed by their fresh and yet mature thinking ..... see detail


Mergers, Acquisitions and Valuations

Handling Reverse Merger for forward growth

A leading firm of Chartered Accountants in New Delhi retained us to assist them in the corporate law matters in their assignment involving a reverse merger. A healthy company Mansarovar Bottling Company Limited, based at Najibabad, a town 200 kms from Delhi, was being merged into a sick company Mansarovar Paper & Industries Limited. It also involved sale of their bottling facilities to Coca-Cola India and utilisation of the funds generated to pay off the dues to the lending institutions in the sick company. We assisted actively in the company law matters and also the representations at the Board for Industrial & Financial Reconstruction. The merger and sale was concluded in 1998.

“Adhesion for cohesion”, advises Amtrak

The owners of Magma Polymers Private Limited, Nasik, Maharashtra had a separate unit in the same city that was manufacturing downstream adhesive products. We advised them to merge the two units and handled the issues in a manner that the valuation of the company went up substantially without any tax liabilities. The company also benefited from substantial increase in turnover and profitability due to consequent reduction in incidence of duties and taxes.

ACL helps Alps acquire Hydro project

Alps first set up a spinning mill in Haridwar, Uttarakhand and then acquired two mills from the State Government, refurbished them and made them operational. With a large expansion undertaken in its Haridwar mill in 2006, its energy requirements increased substantially. The company was exposed to risks from possible increases in power tariffs. Strategically, it decided to take a significant equity stake in a renewable power project. As Lead Advisor and Negotiator, Amtrak assisted the client in Due Diligence of the investee company, negotiated the terms of acquisition and helped in drafting and finalizing the attendant legal agreements, structured the investee company to suit the requirements of the transactions, and supervised regulatory compliances, thereby ensuring a successful closure of the transaction.

Alps expands to the other side of globe with Amtrak’s help

In its quest to set up a marketing beach head in North America to help extend its marketing reach in preparation of its expanding capacities, Amtrak helped Alps as the Lead Negotiator and Advisor to acquire a 50% stake with management rights in a home furnishings marketing company in USA. Amtrak helped right through the transaction – from initial discussions to Due Diligence to drafting and finalizing legal agreements. Subsequently, on advice from Amtrak, Alps acquired the balance equity stake in the US Company. Amtrak role went beyond negotiations and transaction closing this time. It was involved in complete takeover of the business from its erstwhile management team, besides all aspects of business set up including accounting, banking, warehousing and MIS.