Majmudar & Partners acts as Indian legal counsel to Centre Lane on its acquisition of Synacor, Inc. for US$92 million

Jun 9, 2021

Centre Lane Partners, LLC, a private investment firm that invests in the equity and debt of middle-market companies in North America has completed its acquisition of Synacor, Inc. (Nasdaq: SYNC, now delisted) and its affiliates, including Zimbra Technology India Private Limited, through a tender offer and subsequent reverse merger.  The transaction values Synacor, Inc. at US$92 million.  This deal marks the first acquisition for Centre Lane in India.  Synacor, Inc. is a leading provider of cloud-based collaboration and identity management software.  Majmudar & Partners advised on the Indian law aspects of this deal.  The team was led by Partner and Head of the M&A Practice, Rukshad Davar.

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