Khaitan & Co advised and assisted TransImpact on the India leg of the acquisition of 100% stake in Avercast LLC including the acquisition of Indian group company of Avercast LLC by TransImpact.
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HEADINGS |
DETAILS |
| 1. | Sector | IT and ITES |
| 2. | Announcement Date | 18-Jan-2022 |
| 3. | Completion Date | 06-Jan-2022 |
| 4. | Name of Client | Transportation Impact, LLC |
| 5. | Target Details | Avercast LLC Avercast Infotech Private Limited | India |
| 6. | Deal Description | Acquisition of Avercast LLC, an inventory forecasting, demand planning, and inventory optimization software provider by TransImpact, an industry-leading supply chain technology and services company including acquisition of Indian group company of Avercast LLC. |
| 7. | Total Consideration | Confidential |
| 8. | Team Members | The core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner), Siddharth Marwah (Principal Associate), Prachi Tripathi (Associate) and Swati Garg (Associate) with assistance from Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate) on Tax aspects of the transaction. |
| 9. | Role of Firm | Advised and assisted TransImpact on the India leg of the acquisition of 100% stake in Avercast LLC including the acquisition of Indian group company of Avercast LLC by TransImpact. |
| 10. | Other legal advisors if any | Westerman Ball Ederer Miller Zucker & Sharfstein, LLP advised TransImpact on the US leg of the transaction. |
| 11. | Press coverage | https://transimpact.com/news/transimpact-acquires-forecasting-and-demand-planning-software-company/
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