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Deal Corner: NDA represents Mphasis in the Acquisition of Sonnick Partners (Silverline Group)

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Deal Corner: NDA represents Mphasis in the Acquisition of Sonnick Partners (Silverline Group)

Posted by By at 18 October, at 17 : 50 PM Print


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October 18, 2023

NDA REPRESENTS MPHASIS IN THE ACQUISITION OF SONNICK PARTNERS (SILVERLINE GROUP)

DEAL BRIEF

Mphasis Corporation, recently acquired 100% (one hundred percent) of New York based Sonnick Partners for USD 132 million. Sonnick Partners (also known as Silverline) provides advisory, implementation and management services to diversified clientele across industries such as healthcare, financial services and media & entertainment. Mphasis is a leading provider of software and technology solutions for global enterprises across industries such as insurance, banking & capital markets, hospitality, life-sciences, oil & gas, etc.

The key objective behind the acquisition for Mphasis was to strengthen end-to-end salesforce enterprise cloud solutions and services provider, offering clients capabilities for cloud-first digital transformation.

OUR ROLE

Fenwick & West LLP were the lead counsels and we at Nishith Desai Associates, acted as Indian legal, regulatory and tax advisors to Mphasis. In addition, we also conducted the due diligence on the Indian subsidiary and supported in the overall transaction.

TEAM

Vaibhav Parikh

Huzefa Tavawalla

Vasavi Kaparthi

Maulin Salvi

Darshna Negandhi

Ipsita Agarwalla

Morvi Chaturvedi

Aarathi Das

FURTHER DETAILS ARE AVAILABLE AT

https://www.businesstoday.in/markets/company-stock/story/mphasis-shares-in-news-as-it-firm-acquires-sonnick-partners-for-133-million-401823-2023-10-13

https://www.cnbctv18.com/business/companies/mphasis-share-price-silverline-acquisition-up-to-132-million-cash-digital-transformation-salesforce-18039131.htm

https://www.financialexpress.com/business/industry-mphasis-acquires-sonnick-partners-for-132-million-3272301/

 

Chambers and Partners Asia Pacific 2023: Top Tier for Tax, TMT, Employment, Life Sciences, Dispute Resolution, FinTech Legal

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AsiaLaw Asia-Pacific 2023: Top Tier for Tax, TMT, Investment Funds, Private Equity, Labour and Employment, Dispute Resolution, Regulatory, Pharma

IFLR1000 2022: Top Tier for M&A and Private Equity

FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)

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DISCLAIMER

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient’s country/state.

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