LegaLogic Consulting advised True Elements in acquisition of majority stake by Marico
that LegaLogic Consulting advised HW Wellness Solutions Private Limited (True Elements) (https://www.true-elements.com/) in acquisition of majority stake by Marico Limited (https://marico.com/).
Marico Limited has made a strategic investment in True Elements, the healthy breakfast and snacks brand with an acquisition of 54 per cent stake through primary infusion and secondary buy-outs.
LegaLogic (www.LegaLogic.co.in) advised True Elements and its Promoters in negotiation and finalisation of heads of terms and negotiation and finalisation of deal documentation and closing.
Commenting on the transaction, Mr. Sreejith Moolayil, founder of True Elements said “The deal from term sheet closure to announcement was done in 40 days and that was possible because our partners like LegaLogic moved fast in closing contracts. With multiple VC”s and long list of Angels it was a complex one. Thanks to Siddhesh and LegaLogic team, we could negotiate win-win terms and close this deal quickly.”