Kochhar & Co. Advised Tech Mahindra on its Acquisition of Assets of TransSys Group

Deals & Matters
17 October 2020

Kochhar & Co. advised Indian technology giant, Tech Mahindra on its Assets Purchase of TransSys Group of Cos. with business presence in Asia, the Middle East, and Africa. The transaction was structured as an ‘asset purchase’ and involved the acquisition of substantial assets of TransSys on an as-is-where-is basis by Tech Mahindra.

This was a multi-jurisdictional deal involving India, UAE, Kenya, and Malaysia and therefore the transaction had to be structured to comply with the local law requirements in the said jurisdictions.

The deal involved comprehensive advice on contractual obligations; employment and HR issues including compensation and benefits, liability, and indemnification. It also involved extensive liaising with customers to ensure a smooth transition and related issues.

The Kochhar team comprised Managing Partner Rohit Kochhar, Dubai Resident Partner Anjuli Sivaramakrishnan, Partner Anshuman Sahijpal, Principal Associate Arshiya Mohan, Associates Shweta Varier and Prarit Sharma.

Lee Hishammuddin Allen & Gledhill, Malaysia, and Wamae & Allen Advocates, Kenya advised Tech Mahindra in the said jurisdiction.