NDA Represents SVB Financial Group

Nishith Desai Associates, represented SVB Financial Group in the Transaction from an Indian legal, regulatory and tax perspective.

The SVB Financial Group sold 100 per cent stakes in SVB Global Services India LLP (“SVB India”), to the First Citizens Bank Group (“Buyers”).

SVB India provided technical support and IT services to global operations of SVB Financial Group. With this transaction, SVB India was fully acquired by the Buyers (“Transaction”). This Transaction was a part of the larger global bankruptcy restructuring of SVB Financial initiated in 2023.

The firm also helped the client navigate through the Indian regulatory framework to consummate the transaction.

Sullivan & Cromwell LLP assisted the client on the US law aspects of the Transaction.

Deal team comprised Huzefa Tavawalla, Chandrashekar K, Vasavi Kaparthi, Ipsita Agarwalla, Rakesh Krishnan, Faiza Khanum and Nipasha Mahanta.