ANI PR Wire
22 Nov 2022, 18:15 GMT+10
Mumbai (Maharashtra)/ New Delhi [India], November 22 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Blackstone Group L.P on acquisition of R Systems International Limited (R Systems). R Systems is an Indian listed company with a global presence, engaged in the business of rendering digital and product engineering services.
The acquisition is for a total consideration of USD 359 million and involves a delisting offer by Blackstone.
The General Corporate (M&A, Technology & IPR, Real Estate, Employment), Competition Law Practices, and Corporate Secretarial Team of Cyril Amarchand Mangaldas advised on the Transaction. The scope of work included drafting, negotiations, review and finalisation of the share purchase agreement, and legal due diligence.
The transaction was led by Shishir Vayttaden, Partner; Gautam Gandotra, Partner; with support from Shweta Sriram, Principal Associate; Arnav Shah, Principal Associate; Reeti Agarwal, Associate; Riya Sharma, Associate; Raksha Raina, Associate; Tawishi Beria, Associate; and Siddharth Rana, Associate.
Team led by Abhishek Sharma, Partner (Co-head-Real Estate); Abhilash Pillai, Partner; Ashish Jain, Partner; with support from Urjita Chitnis, Senior Consultant; Karan Sharma, Principal Associate; Jinal Mehta, Principal Associate; Ritha Ulbyre, Senior Associate; Shorya Choudhary, Associate; Siddharth Iyer, Associate; undertook the real estate diligence and provided inputs related to Real Estate.
Team led by Arun Prabhu, Partner (Head - TMT); Anirban Mohapatra, Partner; with support from Arpita Sengupta, Senior Associate; Aakriti Singh, Associate; and Anoushka Soni, Associate; advised on Technology, IPR and data privacy related aspects of the transaction.
Employment law advisory and due diligence was led by Richa Mohanty Rao, Partner; with support from V Ankita Sharma, Senior Associate; and Anushka Dua, Associate.
Team led by Avaantika Kakkar, Partner (Head-Competition); Kaustav Kundu, Partner; with support from Ruchi Verma, Principal Associate; Shivani Sathe, Associate; Shruti Khaitan, Associate; Mohini Parghi, Associate; provided strategic inputs related to Competition Law.
Bharat Vasani, Parnter; with support from Chirag Nagda, Associate Director; Mihir Sangani, Assistant Manager; Manik Makwana, Manager; Shikha Mody; and Sneha Nautiyal, Executive; provided Corporate Secretarial Services.
As a part of the Transaction Blackstone Group L.P., through a company in Singapore, BCP Asia II Topco II Pte. Ltd. (Blackstone) has agreed to purchase a majority stake in R Systems from its current promoters.
Other parties and advisors to the transaction included KPMG(acted as tax advisor for The Blackstone Group L.P.); PWC(acted as tax advisor for R Systems); BDA Partners(acted as financial advisor for R Systems); Simpson Thacher & Bartlett LLP(acted as international law firm)
The Transaction was signed on 16th November, 2022
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...