TA PDI Holdings, Inc. (TA PDI), a prominent U.S.-based private equity fund, successfully completed the acquisition of a major Indian IT company. Majmudar & Partners provided comprehensive legal support, ensuring the transaction was structured and executed in compliance with Indian laws and regulations.

Facilitating the Transaction

Majmudar & Partners’ key contributions included:

• Structuring the Transaction: Provided strategic advice on structuring the acquisition to ensure compliance with Indian corporate, tax, and foreign exchange laws, aligning with TA PDI’s global investment strategies.
• Legal Due Diligence: Conducted extensive due diligence on the target Indian IT company, assessing its compliance with Indian laws, intellectual property rights, employment practices, and contractual obligations.
• Drafting and Negotiation of Transaction Agreements: Drafted and negotiated key transactional documents, including the share purchase agreement and ancillary agreements, ensuring that all terms safeguarded TA PDI’s commercial and legal interests.
• Regulatory Compliance and Approvals: Guided the client through regulatory approval processes, including filings with the Reserve Bank of India under India’s foreign exchange regulations and other applicable regulatory bodies, ensuring timely clearances.
• Post-Acquisition Integration Support: Advised on post-acquisition corporate and tax structuring to seamlessly integrate the Indian IT company into TA PDI’s portfolio.

This acquisition represented a pivotal move for TA PDI, strengthening its footprint in the Indian IT sector and aligning with its global investment strategy. Majmudar & Partners played a critical role in navigating the complexities of Indian regulatory and corporate law, ensuring the transaction’s successful closure.

Majmudar & Partners offers bespoke legal solutions for private equity firms investing in India. Contact us today to discuss how we can support your strategic investments and acquisitions.