S&R, Indus, OMM, A&O on Partners’ $270m CSS Corp buy

Wednesday, 3 July 2013 By Legally India Corporate M&A

Correction: We published some erroneous designations in the A&O team. We regret the error, which has now been corrected.

S&R Associates and O’ Melveny & Myers advised Swiss asset managers Partners Group in buying 80 per cent equity for Rs 1,620 crore ($270m) in US-based IT services company CSS Corp from existing investors SAIF Partners, Sierra Ventures and Goldman Sachs. Citibank Hong Kong were the lenders to Partners Group.

IndusLaw advised SAIF Partners and Sierra Ventures, Allen & Overy (A&O) advised Citibank Hong Kong and CSS Corp was advised in house.

S&R Associates partner Sandip Bhagat with associates Sudip Mahapatra, Dhruv Agarwal, Amy Bharucha and Srishti Gupta and O’ Melveny & Myers’ Siew Kam Boon acted for Partners Group.

IndusLaw partner Suneeth Katarki with associates Rashi Saraf and Winnie Shekhar acted for majority shareholder SAIF Partners and minority holder Sierra Ventures.

Allen & Overy partner Gautam Narasimhan , senior associate Daniel Abercromby and associate Snigdha Nahar acted for the Citi.

Partners Group’s investment is one of the largest this year in India’s information technology sector after Bain Capital’s $1bn deal with Genpact and KKR’s acquisition of Aricent for $900m, reported the Reuters.

S&R AssociatesO Melveny & MyersIndusLawAllen & Overy (A&O)Davis Polk & WardwellAllen & Overy

Comments

A&O fact holder 4 Jul 2013, 11:29
+0 -0
Gautam is a partner (you have already reported this http://www.legallyindia.com/201304123590/Law-firms/allen-overy-promotes-gautam-narasimhan). Alison is a trainee. A&O team structure has been misreported. Please correct. Thanks!
Attention to detail 5 Jul 2013, 06:36
+0 -0
They seem to have corrected the story, but there's no mention of Alison now.
Guest 4 Jul 2013, 15:16
+0 -0
Citibank hongkong was not the lender on the deal either. They were the agents. Dbs and nomura were the lenders and ano represented them too. Maybe you should get some facts right....
Fellow lawyer 5 Jul 2013, 23:14
+0 -0
Snigdha is one of the smartest and nicest people I have met... Wish her all the best and many congratulations on this deal!
guest 7 Jul 2013, 07:23
+0 -0
congratulations snigdha.. a superstar in the making ... wish you all the best!
Commenting is closed for this article.