PFSWeb, Inc. has proposed a sale of shares and assets for an equity value of approximately ₹1,509 crore ($181 million) to GXO Logistics, Inc. PFSWeb has also proposed a merger with a wholly owned subsidiary of the GXO.

Pioneer Legal advised PFSWeb with respect to the India leg of the transaction, inter alia with respect to inputs on the transaction documents from an Indian legal perspective and the relevant disclosures to be provided by the Indian subsidiary of PFSWeb.

The transaction team consisted of Pritha Jha (Partner), Shoubhik Dasgupta (Partner), Eishan Agnihotri (Principal Associate) and Vijay Kumar Chawla (Associate).

FisherBroyles LLP was the legal advisor for PFSWeb in USA.

Wachtell, Lipton, Rosen & Katz advised GXO Logistics on this deal.

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