Dixon Technologies Partners with Signify Innovations for a New OEM Venture
In a landmark development for the lighting products industry, Dixon Technologies (India) Limited has secured counsel from Cyril Amarchand Mangaldas regarding a pivotal joint venture agreement with Signify Innovations India Limited. This venture aims to enhance original equipment manufacturing (OEM) capabilities in the sector.
Overview of the Proposed Transaction
The joint venture, which is still in the early stages, is contingent upon the execution of definitive agreements, obtaining necessary statutory approvals, and fulfilling typical preliminary conditions. This initiative marks a strategic move by Dixon to expand its product offerings and strengthen market competitiveness.
Transactional Leadership
The legal guidance for the joint venture was primarily provided by a seasoned team from Cyril Amarchand Mangaldas, led by:
- Akila Agrawal – Senior Partner
- Navin Kumar – Partner
They were supported by:
- Avantika Kulshrestha – Consultant
- Meha Tandon – Associate
- Robin Rathore – Associate
Due Diligence Insights
Comprehensive due diligence is critical to the negotiation process. Key components included:
Corporate Due Diligence
Led by Akila Agrawal and Navin Kumar, the corporate due diligence assessed various legal and operational aspects vital for a successful collaboration.
Real Estate Due Diligence
Ashish Jain, Partner, spearheaded the real estate due diligence, with strategic support from:
- Siddharth Iyer – Senior Associate
- Rohan Chugh – Associate
Employment Due Diligence
Partner Sowmya Kumar took charge of employment-related evaluations, assisted by:
- Himaa Sudhir – Senior Associate
- Abhilash Tyagi – Associate
- Tara Thakur – Associate
Intellectual Property Due Diligence
Swati Sharma, Partner, led efforts in intellectual property assessments, supported by:
- Rohin Koolwal – Principal Associate
- Sandeep Pandey – Principal Associate
- Sannat Chandna – Senior Associate
Competition Law Advisory
Guidance on competition law matters was provided by Vijay Pratap Singh Chauhan, Partner, along with:
- Ananya Mahant – Associate
- Rasmani Raghuwanshi – Associate
Conclusion
This joint venture represents an exciting opportunity for Dixon Technologies as it seeks to leverage Signify Innovations’ strengths within the lighting products market. As both companies work towards finalizing the requisite arrangements, the industry will be keenly observing the developments of this collaboration.
