Khaitan assists Kirkland in Apax $420m GlobalLogic buy alongside HogLov

Friday, 18 October 2013 By Legally India Private equity / VC

Kirkland & Ellis with Khaitan & Co have acted for private equity firm Apax Partners in its $420m purchase of California-headquartered offshore software services provider GlobalLogic.

Khaitan partners Haigreve Khaitan and Aakash Choubey acted for Apax, assisted by competition law partner Avaantika Kakkar and direct tax partner Bijal Ajinkya, according to a press release from the firm.

Kirkland & Ellis and KPMG provided accounting and tax advice to Apax respectively, according to an Apax press release, while the US offices of Hogan Lovells acted for GlobalLogic.

Existing investors in GlobalLogic were venture capitalists (VCs) New Enterprise Associates, Sequoia Capital, Westbridge Capital, Goldman Sachs and New Atlantic Ventures, who could have bagged a 5x return, according to the Times of India, making it this year’s biggest VC exit.

GlobalLogic, which was founded by several alumni of the elite Indian institutes of technology, is headquartered in California but has service centres in India, Ukraine and Argentina.

Khaitan & CoKirkland & EllisHogan Lovells

Comments

go Aakash!! 18 Oct 2013, 17:38
+10 -10
Gooo Aakash!! The entire NLIU fraternity is proud of you. Your the next MP after HK..
Rainmaker 20 Oct 2013, 09:58
+9 -2
You forget the Mumbai office's second biggest rainmaker after HK- RBJ. Doubt if Aakash brings in a lot of work on his own and without depending on the brand name of KCO or on deals and promotions he is sent to by KCO.
RBJ on the other hand has been the one who with HK built brand KCO and the Mumbai office from scratch.
Absent minded 20 Oct 2013, 15:39
+5 -7
[quote name="Rainmaker"]You forget the Mumbai office's second biggest rainmaker after HK- RBJ. Doubt if Aakash brings in a lot of work on his own and without depending on the brand name of KCO or on deals and promotions he is sent to by KCO.
RBJ on the other hand has been the one who with HK built brand KCO and the Mumbai office from scratch.[/quote]

Guys spare him! He is just about 30, non-Mumbaikar and first generation lawyer - give him time and he will do even better for himself and KCO.... putting him for public comments isn't fair...
G Hazri 21 Oct 2013, 01:24
+5 -4
hmm...OK..we spare the pride of NLIU Bhopal...
KCO Client 18 Oct 2013, 18:23
+4 -2
KCO has established itself in true sense tier I firm.
Ankit 18 Oct 2013, 21:42
+0 -5
Good one KCO.

Finally a big deal by KCO.
VJ 19 Oct 2013, 04:31
+1 -1
[quote name="Ankit"]Good one KCO.

Finally a big deal by KCO.[/quote]

Finally a big deal??? Don't recall Hexaware-Barings being done by you...
KCO 19 Oct 2013, 07:44
+1 -1
Are you serious dude? Have you been living under a rock lately?
Guest 19 Oct 2013, 09:30
+1 -1
Dear Sir

Do please wake up and stop being the frog in the well!!
Absent minded 20 Oct 2013, 15:33
+2 -0
[quote name="Ankit"]Good one KCO.

Finally a big deal by KCO.[/quote]

What about Toshiba's acquisition of Vijai? Over ~$400 mio deal
Anon 20 Oct 2013, 17:41
+0 -0
Strangely enough, this deal did not get reported on LI. I wonder why??
Investor 19 Oct 2013, 06:26
+0 -3
I am an ex-employee of GlobalLogic and holding the shares of GlobalLogic which were alloted to me as stock options and I had vested them. Could someone let me know what these type of deals mean to a GobalLogic shareholder like me ?
Lawyer 19 Oct 2013, 07:43
+2 -2
Engage a lawyer and get proper advice rather than look for it in the comments section of LI.
Lex 22 Oct 2013, 13:56
+1 -2
[quote name="Investor"]I am an ex-employee of GlobalLogic and holding the shares of GlobalLogic which were alloted to me as stock options and I had vested them. Could someone let me know what these type of deals mean to a GobalLogic shareholder like me ?[/quote]
Check with Lexygen
Boutique 19 Oct 2013, 07:16
+4 -0
Where are these so called boutique pe law firms?
Commenting is closed for this article.