Saraf and Partners | View firm profile
Saraf and Partners advised and acted for OfBusiness on its acquisition (“Transaction”) of the entire business of Elixir Extracts, a Kerala-based manufacturer and exporter of spice oleoresins, essential oils, herbal extracts, and encapsulated powders.
The acquisition was structured as a slump sale for an undisclosed deal amount. The transaction marks OfBusiness’ entry into the food ingredients and nutraceuticals sector, expanding its footprint in the B2B raw material ecosystem.
OfBusiness is a leading B2B platform that facilitates raw material procurement across sectors like metals, chemicals, and agriculture, while also offering financial services and government contract support.
The transaction provides OfBusiness with access to ‘Elixir Extracts’ solvent extraction, essential oils, oleoresins, and herbal products and R&D capabilities, further strengthening its vertical integration and product diversification in the B2B raw materials procurement space.
Saraf and Partners advised OfBusiness on all aspects of the transaction, including conducting legal due diligence, deal structuring, drafting and negotiation of transaction documents, regulatory advisory and aiding in closing of the transaction.
The transaction team was led by Mr. Sahil Arora (Partner) along with Mr. Akshay Jain (Partner). Mr. Saroj Jha (Senior Partner) and Mr. Vikram Gupta (Partner Designate) provided assistance on real estate aspects.
For any further information, please contact:
Sanya Sud
Corporate Communications Executive, Saraf and Partners
Mobile: +91 9958677011