|Deals & Matters|
|20 March 2021|
Kochhar & Co. advised Tech Mahindra on its acquisition of DigitalOnUs Inc, a hybrid cloud and DevOps services provider, for a consideration of upto $120 million. Tech Mahindra has acquired 100 per cent stake in the organisation to strengthen cloud-native development, hybrid cloud infrastructure, and SRE (Site Reliability Engineering) automation.
The strategic acquisition is expected to enhance Tech Mahindra’s capability in cloud native engineering, and better equip it to develop cutting-edge digital solutions for customers, scaling up near shore delivery capability.
The transaction was led by Partner Sarika Raichur and supported by Senior Associate Devashish Jad and Associate Anushka Agarwal.
Our role involved conducting legal due diligence on the Indian target companies, liaising with Acquirer’s in house teams; rendering structure advice; drafting, negotiating, and settling of all transaction documents such as the Share Purchase Agreements and providing all related legal advice till closing of the transaction as well as conducting closing and rendering post-closing advisory.
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