NovoJuris Legal acted on CIEL's acquisition of Bengaluru-based Vibrant Screen on a 100% cash transaction.
The firm advised CIEL on structuring the acquisition of Vibrant Screen through the cash deal with the founders. The firm also conducted due diligence of several areas of law and compliances, addressed compliance requirements, and managed the drafting and negotiation of transaction documents.
The transaction team was headed by Ashwin Bhat (Deputy Managing Partner), and included Amol Chitnis (Junior Partner), Manasa Prasanna (Head of Compliance), Richa Agrawal (Senior Associate), Vanshika Kundra (Associate) and Vishwas Chitwar (Associate).
In the past, the Firm has advised CIEL on the acquisition of Courseplay and Jombay.
Vibrant Screen Pvt Ltd offers a comprehensive suite of verification services, including employment, education, address, criminal records, database listing, credit history, drug test, and identity checks, designed to help organisations mitigate risks and ensure safe hiring practices.
CIEL HR has significantly expanded its portfolio through many strategic acquisitions and has strengthened its suite of HR tech solutions and has positioned itself in the industry as a tech-led HR solutions company. As India’s leading provider of comprehensive, tech-driven HR solutions, CIEL HR supports every stage of the employee lifecycle.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.