Cyril Amarchand Mangaldas advised PayU Payments Private Limited (“PayU”), the payment and fintech business of Amsterdam-based global consumer internet group and technology investor Prosus, in its acquisition of a strategic stake in Mindgate Solutions Private Limited (“Mindgate”) by way of a secondary purchase from certain existing shareholders of Mindgate (“Transaction”). The Firm assisted PayU in conducting due diligence of Mindgate and in drafting, negotiation and execution of various transaction documents.
The transaction was led by Ravindra Bandhakavi, Senior Partner; Srabanee Ghosh, Partner; with support from Poornima Singh, Principal Associate; Mincy Mathew, Senior Associate; Sudarshan Srikanth, Senior Associate; and Nitika More, Associate.
The due diligence exercise was led by Srabanee Ghosh, Partner; and Arun Prabhu, Partner (Head – Technology); with support from Mincy Mathew, Senior Associate; Soumya Tiwari, Associate; Anoushka Soni, Associate; Digvijay Singh, Associate; Kanav Khanna, Associate; Satwik Anand, Associate; and Suhani Agarwal, Associate
