Deal closed | OceanSound Partners, LP | Acquisition of Netrix LLC
The details of the deal are:
Sector: IT – cloud computing and services
Announcement date: 6th August 2020
Completion date: 31st July 2020
Name of the client: Oceansound Partners, LP
OceanSound Partners is a private equity firm investing in technology and technology-enabled businesses.
Target, target country: Netrix LLC
Target description: Engaged in the business of cloud infrastructure, collaboration, data and development services.
Deal description: Sale of the entire equity shareholding of Netrix LLC to OceanSound Partners LP.
Total consideration: Confidential
Team members: The transaction team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner) with assistance from Siddharth Marwah (Senior Associate) and Govinda Toshniwal (Senior Associate) on the diligence aspects
Role of the firm: Advised and assisted OceanSound Partners, LP on all aspects of the acquisition transaction from an Indian law perspective including a due diligence on the Indian subsidiary of Netrix LLC.
