First Citizens Bank has made a 100% acquisition of SVB Financial Group’s stake in SVB Global Services India LLP.

This deal is pursuant to the global transaction where First Citizens Bank acquired Silicon Valley Bridge Bank.

Trilegal advised First Citizens Bank. Trilegal was involved in conducting the due diligence and assisting with the transaction documents and ancillary documents pertaining to the transaction, which was a part of the global transaction of First Citizens Bank acquiring Silicon Valley Bank. 

The deal was led by our partners Veena Gopalakrishnan and Pranav Atit, assisted by Senior Associate, Mansi Jain and Associate, Aishwarya Mysore Ravi.

Partner Komal Dani, supported by Counsel, Rohit Kumar S, advised on the Tax aspects of the transaction.

Partner Nikhil Narendran, with Counsel, Jishnu Sanyal, advised on the TMT aspects of the transaction.

Partner Mridul Kumbalath advised on the Real Estate aspects of the transaction.

BTG Advaya too advised First Citizens Bank in this acquisition deal.

Nishith Desai Associates represented SVB Financial Group in the transaction from an Indian legal, regulatory and tax perspective.

The transaction team consisted of Huzefa Tavawalla, Chandrashekar K, Vasavi Kaparthi, Ipsita Agarwalla, Rakesh Krishnan, Faiza Khanum and Nipasha Mahanta.

Sullivan & Cromwell LLP assisted SVB Financial Group on the US law aspects of the Transaction.

SVB India provided technical support and IT services to global operations of SVB Financial Group.

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