Veritas, Platinum Bgl bag $420m Minacs BPO sale from PE owners with Shearmans, Pillsbury

Monday, 8 August 2016 By Legally India Corporate M&A

CX Partners (a PE firm focused on the Indian mid-market) and Capital Square Partners sold for $420m its stake in Minacs to Concentrix Global Holdings Inc., a subsidiary of Synnex Corporation, as reported by the Economic Times as one of the largest in the business process outsourcing (BPO) sector, and Concentrix’ second largest deal.

Veritas Legal managing partner Abhijit Joshi and senior associate Sayantan Banerjee acted for Synnex.

Platinum Partners Bangalore partner Ankit Majmudar acted for CX Partners.

Pillsbury Winthrop Shaw Pittman LLP acted for Synnex on international elements of the deal.

Shearman & Sterling Singapore M&A partner Sidharth Bhasin acted for CX on non-Indian legal elements.

Veritas LegalPlatinum PartnersPillsbury Winthrop Shaw PittmanShearman & Sterling

Comments

AZB Exposed 8 Aug 2016, 09:58
+8 -0
The way Abhijeet Joshi is completing the deals which were earlier done by AZB being their clients shows the dire need of Zia to hire Ashwath..!!
InTheKnow 10 Aug 2016, 11:56
+1 -0
LI, you're a bit behind. Ankit Majmudar ceased to be a Bangalore partner several months ago. He now heads the Mumbai office of PP.
kianganz 10 Aug 2016, 11:57
+0 -0
Well well, that's interesting, thanks for sharing.

Yes, been a bit behind the last 2 weeks, seasonal sickness and slowness and all. Getting back in the zone now :)
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