Deal Closed | Quad-C Management | Investment In Apps Associates

The details of the deal are as under:

Sector: IT / ITES

Signing Date: 18 June 2021

Name of Client: Quad-C Management

Target companies name and description Apps Associate Acquisition LLC (US); Apps Associates (I) Private Limited (India) Target Country: USA Description of Target: Apps Associates is an enterprise application services leader with focus on digital transformation initiatives. It’s business includes system integration and the services required to solve their most complex business challenges – utilizing experience in analytics, application modernization, process automation, digital systems, technology and operations.

Buyer: Quad-C Management, Inc. or its affiliate (“Client”)

Deal Description: Acted as the India counsel for Quad-C Management along with Gibson, Dunn & Crutcher LLP as the primary deal counsel in relation to its majority investment in Apps Associates at the US level.

Team Members: The core team comprised Mayank Singh (Partner), Akarshita Dhawan (Senior Associate), Suraj Prasad Meher (Senior Associate), Suryavir Bhayana (Associate) with assistance from the following members: Direct Tax: Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate); Intellectual property: Shaliendra Bhandare (Partner); Rhea Ghanshani (Associate) and Vivek Singh (Associate); and Employment law: Abhinav Rastogi (Counsel)

Role of Firm: The Firm advised and assisted the Client on the (i) legal due diligence of the Indian subsidiary; (ii) closing related assistance.