Press Release

Tech Mahindra’s Acquisition of Perigord

Kochhar & Co. advised Indian technology giant, Tech Mahindra on the acquisition of 70% stake in Perigord Asset Holdings Limited (“Perigord”), a digital workflow and artwork, labelling and BPO services firm.
The strategic acquisition will help Tech Mahindra augment expertise in the global pharmaceutical, healthcare, and life science (HLS) sectors. As per the formal announcement, Tech Mahindra is expected to leverage Perigord’s expertise and offerings to extend capabilities towards delivering efficiency and automation levers, across sectors including consumer-packaged goods (CPG), medical devices and over the counter (OTC) products to enable growth and scalability in the future. The acquisition is a part of Tech Mahindra’s long-term growth plan to build a presence across key markets in Ireland, Germany, USA, and India with enhanced global delivery.
The transaction was led by Partner Sarika Raichur and supported by Senior Associate Sidhartha Jatar.

Our role involved conducting legal due diligence on the Indian target companies, liaising with Acquirer’s in house teams; rendering structure advice; drafting, negotiating, and settling of all transaction documents such as the Share Purchase Agreements and providing all related legal advice till closing of the transaction as well as conducting closing and rendering post-closing advisory.

Tech Mahindra’s Acquisition of DigitalOnUS

Kochhar & Co. advised Tech Mahindra on its acquisition of DigitalOnUs Inc, a hybrid cloud and DevOps services provider, for a consideration of upto US $120 million. Tech Mahindra has acquired 100 per cent stake in the organisation to strengthen cloud-native development, hybrid cloud infrastructure, and SRE (Site Reliability Engineering) automation.
The strategic acquisition is expected to enhance Tech Mahindra’s capability in cloud native engineering, and better equip it to develop cutting-edge digital solutions for customers, scaling up near shore delivery capability.
The transaction was led by Partner Sarika Raichur and supported by Senior Associate Devashish Jad and Associate Anushka Agarwal.

Our role involved conducting legal due diligence on the Indian target companies, liaising with Acquirer’s in house teams; rendering structure advice; drafting, negotiating, and settling of all transaction documents such as the Share Purchase Agreements and providing all related legal advice till closing of the transaction as well as conducting closing and rendering post-closing advisory.