“Quess Corp is acquiring majority stake in Chennai-headquartered business solutions provider and listed enterprise Allsec Technologies in a transaction worth around Rs 270 crore. The deal, undertaken through Quess’ subsidiary Conneqt Business Solutions, will see Conneqt purchasing 35.35% holding from Allsec’s promoters and 26% from First Carlyle Ventures Mauritius, thus giving Conneqt a 61.35% majority control,” reported The Times of India.
J Sagar Associates (JSA) advised
Cyril Amarchand Mangaldas advised the promoters
Update 18 June 2020: AZB & Partners advised
Allsec is an Indian company with subsidiaries in USA and Philippines which provides business process solutions across various industry verticals.
2019-04-17
Deal value: The overall deal size is USD 39 million
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.