Videonetics Technology Private Limited has sold significant stake in Videonetics to private equity firm Florintree Adtech LLP, for ₹115 crore, by way of secondary purchase of shares.
Khaitan & Co advised assisted Videonetics and its promoters, Dr Tinku Acharya and Baishali Acharya in relation to structuring of the transaction along with drafting, reviewing, negotiating, and finalizing various transaction documents. The Firm also advised in relation to fulfilment of conditions precedent to the transaction, from a legal perspective.
The core team consisted of Shourya Sengupta (Lead Partner), Sruti Baid (Principal Associate), Vibhav Seth (Associate) and Karishma Sethia (Associate).
Videonetics is a Kolkata-based video computing platform. Its unified video management platform is a one-stop integrated video management solution that is also modular, encompassing cutting-edge applications
Florintree Advisors is a growth-stage private equity firm led by former Blackstone India head Mathew Cyriac, that invests in technology-backed companies.
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