Deal Closed | Schneider Electric Industries SAS | Acquisition of share capital of Planon Beheer B.V

Announcement Date: 16-Nov-2020 

Completion Date: 06-Nov-2020 

Name of Client: Schneider Electric Industries SAS 

Name of acquirer: Schneider Electric Industries SAS | France  

Name of Target: Planon Software Services Private Limited | India  

Deal Description: Khaitan & Co acted as the Indian legal counsel to Schneider Electric Industries SAS on the acquisition of minority stake in Planon Beheer B.V. Schneider Electric Industries SAS  and Planon Beheer B.V will jointly collaborate on innovation to deliver a suite of software and services to digitize the building lifecycle for both existing and new buildings. This will improve building sustainability, operational efficiency, and wellbeing for multiple customers in the Government, Education, Real Estate, Healthcare, Finance, Data Centers and Insurance sectors. Our role was mainly surrounding conducting due diligence on Planon Software Services Private Limited. 

Total Consideration: Confidential 

Team Members: Rabindra Jhunjhunwala (Partner), Shailendra Bhandare (Partner), Purti Minawala (Principal Associate), Ayush Nanda (Senior Associate) and Mohit Rai (Associate) 

Role of Firm: Khaitan & Co acted as the Indian legal counsel to Schneider Electric Industries SAS on the acquisition of Planon Beheer B.V including Planon Software Services Private Limited and advised on the Indian Law issues relating to the transaction and also conducted due diligence on Planon Software Services Private Limited. We also advised on certain intellectual property aspects of the deal. 

Other legal advisors if any with names of Lead Lawyers: Stibbe N.V. in the Netherlands and Stibbe London B.V. in the United Kingdom - legal advisors to Schneider Electric Industries SAS in respect of matters of Dutch law; 

Stibbe CVBA/SCRL in Belgium - legal advisor to Schneider Electric Industries SAS in respect of matters of Belgian law; 

Bredin Prat - legal advisor to Schneider Electric Industries SAS in respect of matters of French law; 

Cornet Vincent Ségurel's Avocats - legal advisor to Schneider Electric Industries SAS in respect of matters of French law; 

Debevoise & Plimpton LLP - legal advisor to Schneider Electric Industries SAS in respect of matters of US law;  

Hengeler Mueller Partnerschaft von Rechtsanwälten mbB - legal advisor to Schneider Electric Industries SAS in respect of matters of German law 

Unique Feature of Transaction: The due diligence in the matter and execution were completed during the lock-down period.