Shardul Amarchand Mangaldas & Co Advises ChrysCapital Backed Infogain Corporation and Infogain India on their Acquisition of Blue Star Infotech’s Information Technology Business

Shardul Amarchand Mangaldas & Co acted as counsel to Infogain Corporation, Infogain India and ChrysCapital on the INR 1,800 million acquisition of Blue Star Infotech’s information technology business by Infogain Corporation and Infogain India. SAM & Co had the responsibility of drafting the transaction documents, conducting due diligence and coordinating with various counsels across jurisdictions.

This comes just over a month after private equity firm ChrysCapital, advised by SAM & Co and Cooley LLP, invested INR 400 crore approximately to pick an undisclosed stake in Infogain Corporation.

Blue Star Infotech, which is listed on the stock exchanges in India, is the IT arm of the air-conditioning and commercial refrigeration company Blue Star Limited. After this acquisition closes, the combined entity is expected to have a revenue of over USD 150 million, close to 4,000 employees and multiple global delivery centres.

The SAM & Co team was led by Ms. Gunjan Shah, Partner. The supporting team included Mr. Arjun Ghose, Principal Associate, Mr. Apurva Rai, Senior Associate and Mr. Arjun Sharma, Associate.

Blue Star Infotech was advised by Talwar Thakore & Associates with a team lead by Mr. Kunal Thakore. The supporting team included Mr. Nekzad Dhunjibhoy, Ms. Ritu Taimni and Mr. Aditya Singh.

Other advisors involved in the transaction were Wilson Sonsini Goodrich & Rosati, counsel to Infogain Corporation (US law matters) and Latham & Watkins, counsel to Infogain Corporation (UK and Singapore law matters).

The deal was signed on September 29, 2015.

About Shardul Amarchand Mangaldas & Co. (SAM & Co):

Shardul Amarchand Mangaldas & Co. (SAM & Co) is one of India’s leading full service law firms. Founded on almost a century of legal achievement, SAM & Co reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers & Acquisition, Competition Law, Dispute Resolution & Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.

Its mission is “enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration”. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.

Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 350 lawyers, including 70 partners across its six offices in India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.