Kochhar & Co. advised Indian technology giant, Tech Mahindra on its Assets Purchase of TransSys Group of Cos. – a global consulting and technology services company with 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.
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 jurisdictions.