Skip to main content

Shardul Amarchand Mangaldas and Simpson Thacher & Bartlett and Kirkland & Ellis have advised Blackstone Group on its $1.1 billion acquisition of a majority stake in Indian IT outsourcing services provider Mphasis, as one of the biggest M&A transactions in India's outsourcing sector.

The seller, Hewlett Packard Enterprise was represented by Freshfields Bruckhaus Deringer and Indian law firm Platinum Partners. 

As per the deal Blackstone will pay 430 rupees ($6.49) per share for at least 84 percent of HP Enterprise Co's 60.5 percent stake in Mphasis, with an open offer to buy a 26 percent stake from public shareholders.

Shardul Amarchand’s corporate head Shuva Mandal, and partners Raghubir Menon, Abhishek Guha, Yogesh Chandem and Shweta Shroff Chopra advised Blackstone. Meanwhile, the Freshfields team was led by London partners Pratap Amin and Jill Gatehouse.

Kirkland & Ellis' Hong Kong partners David Irvine and Nicholas Norris advised Blackstone on the finacing acpects of the deal, while Linklaters acted for the arrangers.

India’s IT and software services export revenue is likely to grow by 10-12 percent in 2016, according to Nasscom.

 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.