July 26, 2021

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$1bn Piramal Glass buy: Trilegal for Piramal, CAM for Blackstone

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Private equity major Blackstone has signed a deal to acquire Piramal Group’s Piramal Glass for around $1 billion. The deal contour includes an upfront payment of $850 million while Piramal Group will get approximately $150 million on achieving certain milestones, to be paid over 2 years.

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Cyril Amarchand Mangaldas acted for Blackstone, led by Mumbai-based partner Shishir Vayttaden.

Trilegal advised the Piramal Group, led by Mumbai-based co-managing partner Sridhar Gorthi and corporate partner Harsh Maggon.

This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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