Advised Palo Alto Networks, Inc on the India leg in relation to the acquisition of Cloudgenix, Inc. by Palo Alto Networks, Inc. The transaction was structured as a reverse triangular merger, according to reports.

Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced that it has entered into a definitive agreement to acquire CloudGenix, Inc., an industry-leading cloud-delivered SD-WAN provider. Under the terms of the agreement, Palo Alto Networks will pay approximately $420 million in cash to acquire CloudGenix, subject to adjustments. The acquisition is expected to close during Palo Alto Networks’ fiscal fourth quarter, subject to the satisfaction of regulatory and customary closing conditions.

— Prnewswire

Khaitan & Co advised Palo Alto Networks, Inc led by a team of partner Rajiv Khaitan, partner Rishabh Bharadwaj, associate Chirag Narasimiah, associate Luv Mohan Saggi and associate Kanika Mathew with assistance from director Vinita Krishnan, principal associate Shabnam Shaikh and associate Jugal Mundra on direct tax aspects of the transaction.

Primary jurisdiction of deal: US

2020-03-31

Deal value: USD 420 million

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