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Amarchand-Ropes, Cravath, NDA-Paul Weiss bag $1bn Bain-Genpact deal

Amarchand Mangaldas Mumbai and Delhi advised Bain Capital with US firm Ropes & Gray in the $1bn purchase of 30 per cent of shares in global outsourcer Genpact, which was advised by Cravath Swaine & Moore. Two selling private equity funds were assisted by Nishith Desai Associates and Paul Weiss.

Amarchand Mumbai partners Ashwath Rau and Vandana Pai Bharucha acted for Bain with a team led by Ropes Boston-based partners Will Shields and Newk Stillwell. Amarchand Delhi partner Naval Chopra provided Indian competition law advice on the transaction for Genpact. [Correction: An earlier version of the story erroneously stated that Chopra was instructed by Bain]

Cravath partner Sarkis Jebejian led the team for Genpact, which was founded in India in 1997 as a General Eleectric outsourcing unit, and is headquartered in Bermuda. Genpact is understood to have only required minimal Indian legal advice, according to a US-based lawyer involved on the transaction.

The selling shareholders, General Atlantic and Oak Hill Capital Partners, were advised by NDA managing partner Nishith Desai together with London-based Paul Weiss partner David Lakhdhir. Both funds will retain around 10 per cent of shares in Genpact after the transaction.

Genpact operates in 18 countries with around 55,000 employees, of whom 3,000 or 5 per cent are based in the US, reported Mint citing the company’s press release.

Ropes’ team also included private equity partners Alison Bomberg and Marcia Ellis, finance partner Byung Choi and tax partners Chris Leich, David Saltzman and Rom Watson. Intellectual property (IP) partner Harry Rubin, antitrust of counsel Deidre Johnson were also involved with a number of associates.

The Cravath team also included partner Thomas E Dunn on corporate matters, partner James C Vardell III on finance matters, partners Michael L Schler and Lauren Angelilli on tax matters and a raft of associates.

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