Khaitan & Co advised Ergomed Plc on the India leg of its global acquisition of Adamas Consulting Group Limited

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

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