Cyril Amarchand Mangaldas (“CAM”) advised Cyient Limited, a global lifecycle engineering services company headquartered in Hyderabad, India, on its acquisition of Tao Digital Solutions Inc., an AI-native data and product engineering solutions company, for a consideration of approximately USD 218 million.
CAM acted as lead global counsel, coordinating legal workstreams across six jurisdictions and advising on transaction structuring, legal due diligence, CCI approval and definitive documentation.
The transaction results in a 100% acquisition of TAO Digital Solutions Inc., an US company which specializes in AI, data and cloud technologies, delivering solutions across a range of industry verticals.
The transaction team was led by Arun Prabhu, Partner — (Co-Head — Digital | TMT), and Arpita Sengupta; Partner; with assistance from Vasundhara Majithia, Consultant; Kanav Khanna and Princy Dsouza, Associates.
Arun Prabhu, Partner — (Co-Head — Digital | TMT), Aditya Prasad, and Arpita Sengupta; Partners; with assistance from Vasundhara Majithia, Consultant; Arundhati Diljit, Senior Associate; Kanav Khanna and Princy Dsouza, Associates; led the legal due diligence.
Avaantika Kakkar, Partner (Head — Competition); and Dhruv Rajain Partner; with assistance from Vrinda Gundam, Senior Associate Designate; Vanya Agarwal, Senior Associate; and Kartik Mishra, Associate; advised on competition law aspects.
Bishen Jeswant, Partner; with assistance from Akash Mishra, Principal Associate, and Abhilasha Bansal, Associate; advised on the employment aspects of the diligence.
Bharath Reddy, Partner; with assistance from Abhishek Gabriel, Senior Associate Designate; advised on employment stock option aspects.
