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DSK, JSA, Davis Polk act on Rs 500 cr sale of NeST to QuEST

DSK Legal advised Kerala-based NeST Technologies Corporation, SFO Technologies, Network Systems & Technologies and their promoters in divesting Nest group’s engineering software business for Rs 500 crore ($81m) to Bangalore-based engineering services provider QuEST Global Engineering Services, which was advised by J Sagar Associates (JSA) and Davis Polk & Wardwell..

DSK partner Narendra Digankar, manager Rishabh G Mastaram and associate Mayank Mehta acted for NeST and its promoters.

QuEST was advised by JSA partner Arjun K Perikal, senior associates Neha Bhatia and Jyothi DT and associates Nishta Paul, Rajashree Balasubramanium and Pallavi Banerjee, together with Davis Polk partner Kirti Kapoor.

In February this year, the company had acquired Beeken TechQuest, in December 2011 it had acquired the engineering services division of UK-based GKN Aerospace Services and in March this year it spun off its  manufacturing business as a separate company to highlight its services business Aequs, reported the Business Standard.

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