Cyril Amarchand Mangaldas advised Goldman Sachs on its acquisition of a majority stake in PeopleStrong Technologies Private Limited (“Company”), a leading human capital management (“HCM”) SaaS provider headquartered in Gurugram, by way of a secondary purchase from certain existing shareholders of the Company, including Multiples Private Equity.
The transaction was led by Ravindra Bandhakavi, Senior Partner; Srabanee Ghosh, Partner; with support from Akshat Parmar, Principal Associate; Sudarshan Srikanth, Senior Associate; Aishwarya Dixit, SA — Designate, and Aeruva Akash, Associate.
The due diligence exercise was led by Srabanee Ghosh, Partner, with support from Akshat Parmar, Principal Associate, Sudarshan Srikanth, Senior Associate, Radhika Shukla, Senior Associate, Raghuvansh Seth, Associate, and Aeruva Akash, Associate.
The intellectual property / information technology related diligence and documentation were led by Arun Prabhu, Partner (Head – Technology); with support from Soumya Tiwari, Associate; Anoushka Soni, Associate; and Saloni Agrawal, Associate.
The diligence on and amendments to the Company’s ESOP structure were led by Bharath Reddy, Partner; with support from Simran Jain, Senior Associate; and Mayank Jain, Associate.
The transaction was signed on 25th March, 2025 and closed on 15th April, 2025.
