Rivulis, a portfolio company of Temasek and a global micro irrigation leader focused on promoting a sustainable agri-food supply chain, has entered into a share purchase agreement in June 2022 for the acquisition of the substantial part of the international irrigation business of Jain Irrigation, an Indian multinational company operating 33 manufacturing plants spread over four continents. The transaction covers the acquisition of Jain Sulama Sistemleri in Türkiye and successfully closed on 3 April 2023.
Paksoy is pleased to announce that a team led by partner Togan Turan, together with senior associate Simge Şengün acted as Turkish counsel to Rivulis on this transaction, with Latham & Watkins acting as global counsel.
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