Khaitan & Co is acting for Nasdaq-listed iGate Corp, which is being acquired by French IT consultancy Cap Gemini for $4bn.

Khaitan Mumbai partner Rabindra Jhunjhunwala confirmed that Khaitan had been instructed by iGate but declined to comment further.

UPDATE: Luthra senior partner Mohit Saraf acted for Capgemini, as reported by Bar and Bench.

The deal will create a global technology giant worth $12.5bn with 190,000 employees, reported Mint, with around 75 per cent’s of iGate’s 33,000 employees based in India, according to Reuters.

iGate had bought Patni Computer Systems in 2011 for $1.22bn, on which AZB & Partners and J Sagar Associates (JSA) had bagged the roles for the target, and with Khaitan & Co advising iGate alongisde nine other law firms.

iGate’s founders, Ashok Trivedi and Sunil Wadhwani, are together set to pocket more than $1bn from the sale.

We were unable to confirm which other law firms are involved in this deal at the time of going to press. If you know, please do share in the comments and we’ll confirm.

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1
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Like +1 Object -1 hubba 27 Apr 15, 20:54
CAM/SAM/ZiaM?
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Like +1 Object -0 kianganz 27 Apr 15, 20:54
Not as far as I can tell... Keep guessing :)
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Like +1 Object -2 ABC 27 Apr 15, 21:22
Quoting kianganz:
Not as far as I can tell... Keep guessing :)

JSA?
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Like +1 Object -1 kianganz 27 Apr 15, 21:29
75% likely that not JSA either it seems...
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Like +1 Object -0 ABCD 27 Apr 15, 21:35
Platinum then - given their foreign client slant.
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Like +9 Object -5 WOW! 27 Apr 15, 20:58  controversial
KCO for the win!
Haters gonna hate. Ha.
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Like +4 Object -9 Tamasha 27 Apr 15, 22:01
Patni acquisition by igate 9/10 firms acted. What went wrong that within 3/4 years igate being sold. When 9/10 law firms are acting how one can give credit to KCO only. Again publicity stunt. Nowdays they deliberately sharing internal promotions and client mandates what they trying to show.
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Like +16 Object -9 kianganz 27 Apr 15, 22:30  interesting  controversial
With all due respect, you either sound like an idiot or someone from a rival firm that's running a black box operation.

When a firm is 'deliberately sharing' internal promotions after we and readers ask for those figures (and when we also publish JSA's), and if a firm confirms when we ask it whether they're acting for iGate, then that's not called a 'publicity stunt' but it's called transparency.

And say what you will about Khaitan, compared to many other firms they are relatively transparent in the way they operate, which by definition will mean that certain things they disclose will get covered by media.
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Like +1 Object -1 Huh 28 Apr 15, 01:56
Lexygen?
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Like +1 Object -1 Duhh 28 Apr 15, 12:22
I have said it before and will say it again

who.....?!?!
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Like +2 Object -1 BB 28 Apr 15, 12:29
Alright, they are transparent. Cheers to that! Why though only with LI and not with any other legal media?
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Like +7 Object -6 kianganz 28 Apr 15, 12:48  controversial
Not sure there's any evidence that Khaitan is less transparent with other media.

Khaitan certainly has one of the strongest PR & marketing functions at any large firm, and their press releases go far and wide.

Other than that, maybe we're the only legal media actually asking the tough questions, and Khaitan is one of the few to answer?

Take salaries - until a few years ago, there was not a single firm that would disclose starting salaries. For our first starting salary survey we had to jump through hoops and piece salaries together via detective work.

Now, fortunately, possibly more than 50% of firms are somewhat transparent about salaries if requested (though some, of course, aren't, such as AZB Mumbai or Luthra, out of the top 6).

Same goes for senior and principal associate promos - a lot of other firms, I know, would guard their associate promotion lists with their life...
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Like +0 Object -7 Associate 27 Apr 15, 21:45
It can't be Luthra or Trilegal for sure. I think it is either AZB or CAM.
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Like +4 Object -0 Guest 28 Apr 15, 16:57
what makes you think either of the two firms cant be there? based on my limited information, it is one of the two firms...are you feeling bad coz your firm aint there...huh?
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Like +8 Object -0 Senior Associate 29 Apr 15, 17:24  interesting
Well,you are wrong. It is Luthra ! please check barandbench
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Like +6 Object -5 lalua 30 Apr 15, 01:31  controversial
So KCO yet again was unethical and anything but transparent. They let out their name and not of Luthra. Kian did you ask KCO this question? Well done Luthra. Two biggest deals in a week!
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Like +0 Object -2 Associate 27 Apr 15, 22:03
CAM ?
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Like +0 Object -2 lala 28 Apr 15, 03:51
S&R!!!!!!!
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Like +0 Object -1 kianganz 28 Apr 15, 17:03
Accordingly to my informal inquiries, not S&R... But possibly there's been a strict gag order since it concerns two overseas listed companies...?
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Like +2 Object -1 Lalu 28 Apr 15, 18:48
Why does the gag not apply to KCO?
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Like +1 Object -0 kianganz 28 Apr 15, 18:49
Not sure - they must have gotten an exception from their client...?
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Like +3 Object -1 lalua 28 Apr 15, 23:13
Let us check with them? They will respond transparently
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Like +2 Object -1 Famous Lexy Troll 28 Apr 15, 16:25
I think it is Lexygen
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Like +2 Object -0 kianganz 28 Apr 15, 16:29
It's possible - they were involved for one of the investors on the Patni deal: http://www.legallyindia.com/201101111667/Private-equity-/-VC/9-law-firms-advise-in-122bn-patni-computer-takeover-battle
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Like +4 Object -2 Bond 28 Apr 15, 18:54
If Khaitan acted on this deal, surely they would know who the counterparty's counsel are?!! What's with not disclosing this = unless trying to monopolise;)
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Like +1 Object -0 Release 28 Apr 15, 19:25
This seems to be a release; should find out who is Indian co-founder of Skadden on the deal: http://www.thedeal.com/content/tmt/frances-capgemini-agrees-to-pay-4b-for-apax-backed-igate.php
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Like +2 Object -2 LL 30 Apr 15, 00:01
Guess MS has stopped his so called "dynamic development" trudge which resulted in so many departures and Luthra bashing. He is a good corporate lawyer. He should stick to that and not try to be the big boss coz that seat is well filled up by the big man.
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Like +2 Object -0 Alias 01 May 15, 10:22
Kian, this is a personal attack on someone and is nothing but derogatory. You can't publish comments like these man!
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Like +2 Object -2 kianganz 01 May 15, 13:43
How is it derogatory? It's critical, but it's a senior partner and it's commenting on firm strategy.
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