Transactions and Cases

Aditya Birla Group completes C$126 million acquisition of Minacs Worldwide

Torys represented TransWorks (including the Aditya Birla Group and ReichmannHauer Capital Partners) with a team led by Pat Koval and including Michael Akkawi, Conni Gibson, Sunny Sodhi, Kim Kowalik and Shelley Balshine (corporate); Corrado Cardarelli and Richard Johnson (Canadian tax); Jeff Scheine and Gregg Benson (U.S. tax); Christina Medland and Tara Sastri (pension and employment); Eric Boehm (technology); James C. Tory (litigation); Craig Pell, Mayah Judovits and Mark Irving (U.S. regulatory); and Dennis Mahony (environmental).

On October 12, 2006, TransWorks Information Services, a member of Aditya Birla Group, completed a C$126 million acquisition, following a public takeover bid, of all of the outstanding common shares of Minacs Worldwide Inc. (TSX: MXW).

Aditya Birla Group, based in Mumbai, is a global conglomerate and one of India’s largest business houses. Its subsidiary TransWorks is one of India's leading business process outsourcing providers.

Minacs Worldwide, based in Toronto, is Canada's leading business process outsourcing provider.

ReichmannHauer Capital Partners, a Toronto-based private equity firm, partnered with the Aditya Birla Group in evaluating the transaction and has invested in the combined entity, which will be a global onshore and offshore business process outsourcing company.

Transaction Team

Patricia A. Koval Michael F.E. Akkawi Corrado Cardarelli Richard W. Johnson James C. Tory J. Craig Pell Mayah Y. Judovits Dennis E. Mahony

Related Areas and Groups

Competition and Antitrust Business and Technology Sourcing Corporate and Capital Markets India Mergers and Acquisitions Mining and Metals Technology, Media and Telecom

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