Khaitan & Co assisted and advised Ergomed plc on the India leg of its global acquisition of Adamas Consulting Group Limited.
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HEADINGS |
DETAILS |
| 1. | Sector | Pharmacovigilance |
| 2. | Announcement Date | 09-Feb-2022 |
| 3. | Completion Date | 11-Feb-2022 |
| 4. | Name of Client | Ergomed Plc |
| 5. | Acquirer Details | Ergomed plc | UK |
| 6. | Target Details | Adamas Consulting Group Limited | UK ADAMAS Clinical Quality Consulting Private Limited | India |
| 7. | Deal Description | Ergomed plc, a listed company focused on providing specialised services to the pharmaceutical industry, acquired 100% stake of Adamas Consulting Group Limited, an international specialist consultancy offering a full range of independent quality assurance services and specialising in the auditing of pharmaceutical manufacturing processes, as well as auditing clinical trials and pharmacovigilance systems. |
| 8. | Total Consideration | GBP 25.6 million (USD 34 million) |
| 9. | Team Members | The core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Senior Associate), Utsav Lohia (Associate) |
| 10. | Role of Firm | We assisted and advised Ergomed plc on the India leg of its global acquisition of Adamas Consulting Group Limited. As a part of the India leg, we assisted with the transfer of shares of ADAMAS Clinical Quality Consulting Private Limited from an Indian law and tax perspective. Further, we also undertook a legal due diligence on ADAMAS Clinical Quality Consulting Private Limited. |
| 11. | Press Coverage | https://ergomedplc.com/news/ergomed-acquires-adamas/ https://mergr.com/ergomed-acquires-adamas-consulting-group |
