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.
Akil Hirani quoted by IBLJ in an update on Alternative Investment Funds (AIFs) exit timelines
SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents. Akil Hirani, Managing Partner, was quoted by IBLJ on the topic. "While some degree of flexibility is needed, as markets are cyclical and...