India’s leading integrated business services provider, Quess Corp has completed its acquisition of job listing platform Monster.com’s business in India, South East Asia and the Middle East from Monster Worldwide for an estimated Rs 89.6 crores ($14m), as reported by VC Circle and The Economic Times. Along with the current acquisition, the deal also witnessed Quess Corp entering into an agreement to acquire the smartphone and consumer durables services arm of HCL Infosystems, HCL services.

AZB & Partners advised Quess Corp as the Indian legal counsel in the transaction and was represented by partners Divya Mundra and Ami Parikh along with senior associates Puneet Parihar, Himanshoo Tembe and Veena Dsouza.

Singapore-based Rajah & Tann acted as the international legal advisors for Quesscorp Holdings.

Jones Day US advised Monster Worldwide in the acquisition.

Backed by billionaire Prem Watsa and founded by Ajit Isaac, Quess Corp will retain the Monster brand in its currently operating geographies, getting a database of around 85 million resumes helping them align with its ‘Digital First’ strategy for businesses. The takeover will also see Quess rebranding HCL Services and looking forward to emerge as a partner for servicing products of large national player, marking its entry into the “high-growth break-fix” market for smartphones and other electronics products.

2018-01-31

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