Amarchand Ropes Cravath NDA and Paul Weiss lead on Bain Capitals acquisition of 30 stake in Genpact for 1 Billion

Private equity player Bain Capital has agreed to purchase 30 per cent stake in business outsourcing giant Genpact for $1 billion from existing investors General Atlantic and Oak Hill Capital Partners. Bain will pay $14.76 per share..Amarchand Mangaldas advised Bain Capital with a team led by Mumbai Partners Ashwath Rau and Vandana Pai Bharucha while Ropes & Gray acted as International legal counsel to Bain Capital with a team led by Boston Partners Newk Stillwell and William Shields..Cravath, Swaine & Moore acted as legal counsel to Genpact with a team led by New York Partner Sarkis Jebejian while Amarchand Delhi Partner Naval Chopra advised Genpact on Indian Competition law aspect..Nishith Desai Associates advised the existing investors General Atlantic and Oak Hill Capital with a team led by Managing Partner Nishith Desai..Paul, Weiss, Rifkind, Wharton & Garrison acted as International legal advisor to existing investors with a team led by New York Partners Mathew Abbott and Neil Goldman along with London Partner David Lakhdhir..ET reports, South Asia Private Investments and other affiliates of Bain Capital will purchase approximately 68 million Genpact shares from affiliates of General Atlantic and Oak Hill. Bain Capital will name four directors to Genpact’s board to replace the current General Atlantic and Oak Hill Capital nominated directors. Bain Capital will have a lock-in period of two and a half years, when it cannot sell the holding..General Atlantic and Oak Hill will continue to hold 10% equity in Genpact after the transaction..Genpact has an employee base of 55,400 and had revenues of $1.6billion. It has more than 3,000 employees in the US.