DSK Legal, SAM act on acquisition of Appcino Tech by Xebia Group

Appcino Technologies Private Limited and its Promoter Group has sold the Promoter Group’s equity shares to Xebia India Holding B.V. (Acquirer) culminating to 100% acquisition of the Appcino.

DSK Legal assisted Appcino and the Promoter Group in structuring, negotiating, and finalizing the Indian leg of the transaction which pertained to the acquisition of the Company, as well as the international leg of the transaction which pertained to the subscription of securities by the Promoter Group of [Xebia Topco B.V.] i.e., the parent company of the Acquirer, thus, resulting in the complete assimilation of the Company and the Promoter Group with the Xebia Group. Notification of the new regime governing overseas direct investment served as a key consideration while structuring and advising on the transaction.

The DSK Legal team on the matter comprised of Rishi Anand (Partner), Chirag Jain (Principal Associate), Snigdha Prakash (Senior Associate), and Shreya Singh (Senior Associate).

Shardul Amarchand Mangaldas & Co advised the Xebia Group in this acquisition deal.

Appcino Tech is a software consulting and development company engaged in the business of using the Appian and Salesforce platforms to offer IT services as well as a set of reusable functionalities, accelerators, and ready to use solutions.

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