Touchstone Partners advised Right Tight Fasteners (RTF) and its promoters on the sale of a controlling stake in the company to Fontana Gruppo for INR10 billion (USD117 million) in one of the largest foreign direct investment deals in 含羞草社区 auto components sector.
The transaction involves a combination of primary and secondary investments. As part of the deal, RTF will also acquire Fontana’s existing operations in India, positioning it as one of the country’s largest fastener manufacturers.
Partner Anirudh Agarwala led the Touchstone team, advising RTF on the transaction structure, conducting due diligence, and handling the drafting and negotiation of transaction documents. Senior associate Pranjal Doshi, and associates Divya Shrivastava, Aniket Singh and Aryan Dama provided support. Lodha Capital Markets was the financial adviser for RTF.
Trilegal counselled Fontana and EY acted as financial adviser.
Fontana Gruppo is the global leader in the fasteners sector, while RTF is a pioneer in cold forged high-tensile fasteners and components.
