Tokyo-based Hitachi Ltd is acquiring Chennai-based payment solutions firm Prizm Payments Services..Hitachi will acquire the shares of all of Prizm’s stakeholders, including Winvest Holdings (India), Sequoia Capital, Axis Bank and other minority shareholders..Khaitan & Co is advising Hitachi with a team led by Partner Zakir Merchant..AZB & Partners is acting for Sequoia Capital with a team led by Partner Gautam Saha along with Senior Associate Sachin Mehta..A&M Law Offices is acting as domestic counsel for Winvest Holdings while Gibson Dunn is acting as International legl counsel with Partner Jai S. Pathak..Partner Sanjeev Adlakha is leading the A&M team along with Associates Prachi Goel and Kanika Khanna..Hitachi will use Prizm’s customer base, and its technical know-how of cash operations as well as payment and management systems for financial institutions, to step up development of IT services business in India and globally, reports VCCircle.
Tokyo-based Hitachi Ltd is acquiring Chennai-based payment solutions firm Prizm Payments Services..Hitachi will acquire the shares of all of Prizm’s stakeholders, including Winvest Holdings (India), Sequoia Capital, Axis Bank and other minority shareholders..Khaitan & Co is advising Hitachi with a team led by Partner Zakir Merchant..AZB & Partners is acting for Sequoia Capital with a team led by Partner Gautam Saha along with Senior Associate Sachin Mehta..A&M Law Offices is acting as domestic counsel for Winvest Holdings while Gibson Dunn is acting as International legl counsel with Partner Jai S. Pathak..Partner Sanjeev Adlakha is leading the A&M team along with Associates Prachi Goel and Kanika Khanna..Hitachi will use Prizm’s customer base, and its technical know-how of cash operations as well as payment and management systems for financial institutions, to step up development of IT services business in India and globally, reports VCCircle.
