Deal Closed | Larsen & Toubro Infotech Limited | Acquisition of 100% Share Capital of Cuelogic Technologies Private Limited

The details of the deal are as follows:

Sector: Information Technology and allied sectors 

Announcement Date: 15-Jun-2021 

Name & Contact Details of Client: Larsen & Toubro Infotech Ltd. 

Acquirer Details: Larsen & Toubro Infotech Ltd. | India  

Target Details: Cuelogic Technologies Private Limited | India  

Deal Description: Advised Larsen & Toubro Infotech Limited, in relation to the acquisition of 100% share capital of Cuelogic Technologies Private Limited (and thereby indirectly its subsidiary in the United States of America) from its existing shareholders, operating in the digital product engineering space, for a total consideration of USD 8.4 million (excluding working capital adjustments). 

Total Consideration: USD 8.4 million (excluding working capital adjustments) 

Team Members: The core transaction team consisted of Niren Patel (Partner), Aayush Misra (Principal Associate) and Ravali Rayaprolu (Associate), with assistance from Noyonika Nair (Associate) and Zico Bahl (Associate) on legal due diligence. 

Role of Firm: The Firm was involved in the following:  

1. Conducting legal due diligence on the Target for the Client; and 

2. Acting as legal counsel to the Client for the overall transaction (including drafting, negotiating, reviewing and finalising the share purchase agreement and other ancillary documents) and assisting with execution of the transaction documents. 

Other legal advisors if any  

LegaLogic represented the Target.