Tech Mahindra : Acquisition of Perigord

Deals & Matters
30 March 2021

Kochhar & Co. advised Indian technology giant, Tech Mahindra on the acquisition of 70% stake in Perigord Asset Holdings Limited (“Perigord”), a digital workflow and artwork, labelling and BPO services firm.

The strategic acquisition will help Tech Mahindra augment expertise in the global pharmaceutical, healthcare, and life science (HLS) sectors. As per the formal announcement, Tech Mahindra is expected to leverage Perigord’s expertise and offerings to extend capabilities towards delivering efficiency and automation levers, across sectors including consumer-packaged goods (CPG), medical devices and over the counter (OTC) products to enable growth and scalability in the future. The acquisition is a part of Tech Mahindra’s long-term growth plan to build a presence across key markets in Ireland, Germany, USA, and India with enhanced global delivery.

The transaction was led by Partner Sarika Raichur and supported by Senior Associate Sidhartha Jatar.

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.