Megaport Limited, a leading Australian networks company, has acquired 100% equity stake in Extreme Infocom Private Limited (“Extreme IX”), India’s leading internet exchange provider, for an undisclosed sum from its parent entity, Extreme Labs AD, a Bulgaria-headquartered software and network engineering company that incubated the Extreme IX platform.

Saraf and Partners advised Megaport on this acquisition.

The transaction team was led by Vaibhav Kakkar (Senior Partner) and Snigdhaneel Satpathy (Partner) and consisted of Shirin Singh (Senior Associate) and Ishaan Gupta (Associate), with support from Suraj Kumar (Associate).

Gangesh Verma (Principal Associate) provided crucial support on regulatory aspects of the deal.

The due diligence team was led by Kakkar and Satpathy, and consisted of Shirin Singh (Senior Associate), Ishaan Gupta (Associate), Samiksha Bhargava (Associate) and Devansh Sehgal (Associate).

CasePro and Trilegal advised Extreme Infocom Private Limited and Extreme Labs AD on this transaction.

The Trilegal transaction team was led by Nikhil Sachdeva (Partner) and consisted of Associates Madhur Patel and C.N. Yashwanth.

Extreme IX has now become a part of the Megaport family while continuing to operate and serve our existing ecosystem of partners and customers.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.