The Paris-headquartered Capgemini is acquiring New Jersey-based IGATE, which has operations in India, for $4 billion in cash..The deal, one of the largest in the Indian Information Technology sector, will see the exit of IGATE co-founders Ashok Trivedi and Sunil Wadhwani, along with private equity firm Apax Partners..It is understood that Luthra & Luthra is acting as Indian legal counsel for Capgemini while Skadden, Arps, Slate, Meagher & Flom LLP is acting as International Legal Counsel. The Skadden team included Partners Howard Ellin and Michael Chitwood..It is understood that Luthra Senior Partner Mohit Saraf led the transaction from Luthra for Capgemini..Khaitan & Co, led by Partners Haigreve Khaitan and Aakash Choubey acted as Indian legal counsel for the sellers, the two co-founders and Apax Partners. Kirkland & Ellis is acting as International legal counsel with a team led by Partners Srinivas Kaushik, Sarkis Jebejian, David Feirstein and Joshua Soszynski. Pepper Hamilton LLP team was co-counsel to Kirkland & Ellis on this deal. The Pepper team included Partners James Barnes, Valerie Demont, John Duke and Alex Gonzalez..In India, Capgemini’s headcount will rise to 90,000, following the addition of IGATE’s 30,000 employees. The acquisition will provide Capgemini offshore capabilities to compete with IBM, Accenture and large Indian infotech services players, reports Business Standard.
The Paris-headquartered Capgemini is acquiring New Jersey-based IGATE, which has operations in India, for $4 billion in cash..The deal, one of the largest in the Indian Information Technology sector, will see the exit of IGATE co-founders Ashok Trivedi and Sunil Wadhwani, along with private equity firm Apax Partners..It is understood that Luthra & Luthra is acting as Indian legal counsel for Capgemini while Skadden, Arps, Slate, Meagher & Flom LLP is acting as International Legal Counsel. The Skadden team included Partners Howard Ellin and Michael Chitwood..It is understood that Luthra Senior Partner Mohit Saraf led the transaction from Luthra for Capgemini..Khaitan & Co, led by Partners Haigreve Khaitan and Aakash Choubey acted as Indian legal counsel for the sellers, the two co-founders and Apax Partners. Kirkland & Ellis is acting as International legal counsel with a team led by Partners Srinivas Kaushik, Sarkis Jebejian, David Feirstein and Joshua Soszynski. Pepper Hamilton LLP team was co-counsel to Kirkland & Ellis on this deal. The Pepper team included Partners James Barnes, Valerie Demont, John Duke and Alex Gonzalez..In India, Capgemini’s headcount will rise to 90,000, following the addition of IGATE’s 30,000 employees. The acquisition will provide Capgemini offshore capabilities to compete with IBM, Accenture and large Indian infotech services players, reports Business Standard.
