The details of the deal are as follows:
Sector: IT / ITES
Name of Client: Insight Venture Management, LLC
Target companies name and description: Atlan Pte Ltd Description of Target: Data collaboration workspace start-up.
Buyer: Insight Venture Management, LLC (“Client”)
Deal Description: Acted as the India counsel for Insight Venture Management, LLC in relation to Indian aspects of the Client’s Series A investment in Atlan Pte Ltd.
Total Consideration: USD 16 million
Team Members: The core team comprised Mayank Singh (Partner), Nidhi Killawala (Partner), Shaima Khan (Senior Associate) and Shashank Chaddha (Associate).
Role of Firm: The Firm advised and assisted the Client on the (i) legal due diligence of the Indian subsidiary; (ii) transaction documents; and (iii) closing related assistance.