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

by | 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.

More News

ITR World Tax – 2024 Rankings

We are pleased to share that the firm has been ranked by ITR World Tax for our work in Indirect Tax, General Corporate Tax and Transfer Pricing. Congratulations to our team for their work and accomplishments. Ravi S. Raghavan, Partner - Tax and Private Client Group,...

read more

India – Arbitration Update

In the recent ruling of Orissa Metaliks Pvt. Ltd. v. SBW Electro Mechanics Import Export Corporation (2023 SCC OnLine Cal 1583), the Calcutta High Court (HC), in deciding the validity of an arbitration clause, has held that the venue of the arbitral proceedings must...

read more