SPN Legal assists Cosmo First in acquisition of online business of Petsy Stores

Cosmo First Limited has successfully completed the acquisition of the entire gamut of online business of petcare products of Petsy Stores Private Limited.

SPN Legal assisted Cosmo First in this transaction, and played a pivotal role in the transaction, ensuring regulatory compliance, risk mitigation and a smooth transition of ownership. SPN Legal’s involvement encompassed the entire spectrum of legal services necessary for the transaction, from carrying out the legal due diligence to drafting of precise and comprehensive transaction documents.

The transaction team consisted of Niharika Nagrath (Partner), Vishal Yadav (Partner) and Laksh Kundlas (Associate Partner).

Cosmo First Limited, established in 1981, is a four-decade-old global business organization with entities-- Cosmo Films, Cosmo Speciality Chemicals, Zigly, and Cosmo Foundation. With innovation, development, and research embedded in its core values, Cosmo First has ventured into successful businesses like Cosmo Speciality Chemicals and Zigly, a D2C Omni channel pet care business under its entity.

Petsy Stores is a provider of premium pet care products and services. The company's offerings span a diverse range, encompassing everything from high-quality pet food and accessories to specialized healthcare products. The online sales business of their Petcare Products generated a sales revenue of ₹85.9 million during the fiscal year 2021-22.

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