Khaitan & Co acted as the Indian counsel for Crestview Partners in acquisition of Classic Design.
Crestview Partners | Majority investment in MBA Tech, Inc.
|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.|
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.|