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
|