Khaitan & Co advises and assists Crestview Partners in successful acquisition of Classic Design

Khaitan & Co acted as the Indian counsel for Crestview Partners in acquisition of Classic Design.


 

Crestview Partners | Majority investment in MBA Tech, Inc.

NO HEADINGS                                           DETAILS
1. Sector IT / ITES
2. Signing Date 10 Feb 2022
3. Completion Date 28 Feb 2022
4. Name of Client Crestview Partners
5. Target companies name and description

MBA Tech, Inc. (US); Classic Design Engineering Systems Private Limited (India)

Target Country: USA

Description of Target: Classic Systems provides engineered solutions for manufacturing automation success.

6. Buyer Skynet Delaware Holdings Corp or its affiliate (“Client”)
7. Deal Description Acted as the Indian counsel for Crestview Partners along with Gibson, Dunn & Crutcher LLP as transaction co-counsel in relation to its majority investment in MBA Tech, Inc. at the US level.
8. Total Consideration
9. Team Members

The core team comprised Mayank Singh (Partner), Akarshita Dhawan (Senior Associate) with assistance from the following members:

Diligence & Closing: Deeksha Agarwalla (Associate), Raashi Pathak (Associate)

Direct Tax: Ritu Shaktawat (Partner);

Intellectual property: Shailendra Bhandare (Partner); Sourav Dan (Principal Associate); Rhea Ghanshani (Associate)

 

10. Role of Firm The Firm advised and assisted the Client on the (i) legal due diligence of the Indian subsidiary; (ii) transaction documentation (to the extent it relates to Classic Design Engineering Systems Private Limited); (iii) closing related assistance.
11. Press Links

Crestview Partners Announces Acquisition of Classic Design

Cresview Acquires Classic Design

 

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