Nishith Desai Associates
Posted by By nishithadmin at 1 August, at 18 : 47 PM Print
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UST GROUP RAISES USD 250 MILLION FROM TEMASEK, BECOMES UNICORN
DEAL BRIEF
UST Global has raised approximately USD 250 million from Macritchie Investments Pte. Ltd., an investment company belonging to the Temasek group, making UST a unicorn. Temasek has acquired approximately 20% stake in UST vide this transaction. The UST Group is a leading digital technology solutions group, which provides advanced computing and digital services to large private and public enterprises around the world, including Fortune 500 companies. Temasek is a Singapore-owned global investment company with a portfolio of over USD 200 billion.
Press coverage relating to this transaction is available here, here, and here.
OUR ROLE
We, at Nishith Desai Associates, acted as transaction counsel to UST Global, and advised on legal, regulatory and strategic aspects of the transaction.
Chambers and Partners: Ranked in Tier 1 for Tax
World Tax (International Tax Review’s Directory): Recommended Tax Firm in India
Legal 500 2018 : Ranked in Tier 1 for Dispute Resolution, Labour & Employment, Investment Funds, TMT and Tax
Fastest Growing M&A Law Firm in India in 2015: MergerMarket
The Most Innovative Law Firm in Asia-Pacific