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Press Release

Grant Thornton Bharat acts as financial advisor to Suprajit Engineering to acquire business of Stahlschmidt Cable Systems

Grant Thornton Bharat LLP proudly announces its role as the exclusive financial advisor to Suprajit Engineering in the acquisition of Stahlschmidt Cable Systems (SCS). This strategic acquisition, involving complex multi-jurisdictional asset and equity purchases, underscores our commitment to providing meticulous advisory services that facilitate significant cross-border transactions. Assisting Suprajit through the intricate financial landscapes of Morocco, China, Poland, Canada, and Germany ensured a seamless transition and alignment with ongoing restructuring plans. This partnership not only reinforces Suprajit's global manufacturing capabilities but also showcases Grant Thornton Bharat's expertise in managing high-stakes international mergers and acquisitions.

"Congratulations to the Suprajit Team on signing the Share and Asset Purchase Agreement (SAPA) for the acquisition of the business of Stahlschmidt Cable System (SCS Group). Along with the €50 million of revenue that the transaction promises, it also highlights the foresightedness of the Suprajit team to focus on the geographical importance of supply chain management and being closer to the customers in the automotive components industry. This transaction will expand their global footprint in Morocco, China, Canada, and Germany. Grant Thornton Bharat is proud to be associated as the sole financial advisor to Suprajit Group on all their acquisitions to date, including this multi-jurisdictional deal," said Pankaj Chopda, Partner, Due Diligence, Grant Thornton Bharat.