“Denmark-based audio and communications major Jabra has firmed up plans to strengthen its presence in both the enterprise and consumer segment in India. As a first step, it has entered into a strategic joint venture [JV] with Innova Telecom, by acquiring an additional 46% of Innova bringing its share to 51%. Innova has been distributing GN Audio’s flagship brand Jabra in India for over a decade. The new strategic partnership will be named Jabra Connect India and Rajesh Ghei—current CEO and founder of Innova—will continue to lead this company as CEO of Jabra Connect, which today has around 120 employees across its nine offices,” reported The Financial Express.

KT Advisors acted for Innova Telecom Pvt Ltd (now Jabra Connect India Pvt Ltd);;, led by a team of managing partner Kalpataru Tripathy and principal associate Ishita Bhardwaj.

Trilegal acted for GN Audio led by a team including partner Charandeep Kaur senior associate Harshit Anand associate Dhruv Malhotra.

2018-05-24

Deal value: Confidential