|Deals & Matters|
|10 May 2022|
Kochhar & Co. advises Tech Mahindra on acquisition of Lodestone
Kochhar & Co. were the Indian advisors for technology giant, Tech Mahindra (“Acquirer”) on the acquisition of US based Infostar LLC (Lodestone), a digital engineering quality assurance provider, for a consideration of USD 105 Mn.
As per Tech Mahindra’s statement, the acquisition will bolster Tech Mahindra’s digital engineering capabilities to effectively utilize data strategy and address machine learning challenges. The strategic announcement will further enhance Tech Mahindra’s capability to provide end -to-end product quality assurance across hardware, software, and data layers to strengthen the company’s positioning as a leading digital transformation enabler in the engineering space.
The transaction was led by Managing Partner Mr. Rohit Kochhar and managed by Partner Ms. Sarika Raichur with the support of Senior Associates Mr. Devashish Jad and Mr. Sidhartha Jatar and Associate Mr. Aatman Shukla. Senior Partners, Mr. Shahid Khan, Mr. Vijay Ravi and Mr. Nishant Menon provided inputs on taxation, labour & employment and litigation and dispute resolution respectively.
Our role involved conducting legal due diligence, liaising with Acquirer’s in house teams; rendering structure advice; drafting, reviewing, negotiating, and settling of all transaction documents and providing all related legal advice till closing of the transaction as well as providing closing and rendering post-closing and integration related advisory and support.