Private equity firm, Blackstone is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard in a deal worth up to $1.1 billion (7,071 crore)..Shardul Amarchand Mangaldas advised Blackstone on this deal with a team led by Partners Shuva Mandal, Raghubir Menon and Abhishek Guha along with Principal Associate Anirban Bhattacharya. Mumbai Partner Yogesh Chande advised on regulatory issues while Delhi Competition Partner Shweta Shroff Chopra worked on the competition law aspect..Simpson Thacher & Bartlett acted as international legal counsel for Blackstone with a team led by London Partners Mike Wolfson and Clare Gaskell..Platinum Partners and Freshfields acted for Hewlett Packard. The Platinum team was led by Partners Nihar Mody and Piusha Bose while Freshfields team was led by Partner Pratap Amin..Blackstone will buy the shares from Hewlett Packard at 430 per share. This will be followed by a mandatory open offer for 26% more shares of Mphasis, reports Mint..Companies such as Tech Mahindra and private equity firms such as Apollo and Blackstone had been bidding for the IT company over the last several months, according to ET.
Private equity firm, Blackstone is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard in a deal worth up to $1.1 billion (7,071 crore)..Shardul Amarchand Mangaldas advised Blackstone on this deal with a team led by Partners Shuva Mandal, Raghubir Menon and Abhishek Guha along with Principal Associate Anirban Bhattacharya. Mumbai Partner Yogesh Chande advised on regulatory issues while Delhi Competition Partner Shweta Shroff Chopra worked on the competition law aspect..Simpson Thacher & Bartlett acted as international legal counsel for Blackstone with a team led by London Partners Mike Wolfson and Clare Gaskell..Platinum Partners and Freshfields acted for Hewlett Packard. The Platinum team was led by Partners Nihar Mody and Piusha Bose while Freshfields team was led by Partner Pratap Amin..Blackstone will buy the shares from Hewlett Packard at 430 per share. This will be followed by a mandatory open offer for 26% more shares of Mphasis, reports Mint..Companies such as Tech Mahindra and private equity firms such as Apollo and Blackstone had been bidding for the IT company over the last several months, according to ET.