Ambridge Partners (Ambridge), a global leader in specialty insurance, provided tax indemnification and insurance services to Summit Partners during its acquisition of shares in Calypso Technology, Inc (Calypso). Majmudar & Partners offered legal expertise, focusing on the Indian legal implications of the transaction to ensure compliance and seamless execution.

Facilitating the Transaction

Majmudar & Partners’ contributions to the transaction included:

• Advising on Indian Tax Implications: Assessed the tax liabilities and exposures arising from the transaction for Calypso’s Indian operations and ensured compliance with the relevant Indian tax laws.
• Review of Indemnification Agreements: Reviewed and advised on the indemnification and insurance agreements to align with Indian legal frameworks, safeguarding the interests of Ambridge.
• Regulatory Compliance Guidance: Provided guidance on Indian regulatory and foreign exchange laws, ensuring the transaction adhered to the Indian foreign exchange regulations.
• Coordinating Due Diligence: Conducted a focused legal and tax due diligence on the Indian subsidiary of Calypso, identifying potential risks and mitigation strategies for Summit Partners.

This transaction underscores the critical role of comprehensive tax indemnification and insurance in safeguarding private equity investments. Majmudar & Partners’ involvement ensured a robust legal and tax framework for Ambridge Partners, mitigating risks and facilitating the successful completion of the transaction.

Majmudar & Partners has expertise in navigating the complexities of tax indemnification and insurance in private equity transactions. Contact us to explore tailored legal solutions for your business needs.