Opérations et transactions|12 octobre 2006
Aditya Birla Group completes C$126 million acquisition of Minacs Worldwide
Torys acted as counsel to TransWorks (including the Aditya Birla Group and ReichmannHauer Capital Partners), with a team led by Patricia Koval and that included Michael Akkawi, Conni Gibson, Sunny Sodhi, Kimberley 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), Jim 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.
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.