Khaitan, Akin Gump advise Kedaara Capital on $240 million investment in Axtria

Kedaara Capital has made an investment into Axtria, Inc. and its subsidiaries. Structured as a combination of secondary investment and company-sponsored buyback, the transaction delivers total liquidity of $240 million.

Khaitan & Co acted as the legal counsel to Kedaara and advised them on all aspects pertaining to the transaction, including legal diligence of Axtria, drafting, negotiating, finalising and executing of the definitive agreements relating to the investment, from an Indian law perspective.

The transaction team consisted of Shreya Mukherjee (Partner), Soumil Garg (Partner) and Param Gupta (Senior Associate) with assistance from the following:

Transaction Documentation: Prakruti Shah (Associate) and Vivek Badkur (Associate);

Employment, Labour & Benefits aspects: Deepak Kumar (Partner) and Varsha Sankara Raman (Associate);

Intellectual Property aspects: Sourav Dan (Counsel);

Corporate and related legal due diligence: Prakruti Shah (Associate), Stuti Sehgal (Associate) and Vivek Badkur (Associate).

Akin Gump Strauss Hauer & Feld acted as the legal counsel to Kedaara and advised them on similar capacity, from a US law perspective.

The transaction team consisted of Carlos Bermudez (Partner) and Mark Kim (Senior Associate), with assistance from the following:

Transaction Documentation, Corporate and related legal due diligence: Michelle Guefen (Associate);

Labor & Employment aspects: Desiree Busching (Partner) and Christopher Lech (Counsel);

Executive Compensation aspects: Aaron Farovitch (Counsel) and Dilara Kesir (Associate);

Intellectual Property aspects: David Lee (Partner);

International Merger Control aspects: Scott Pettifor (Partner);

International Trade analysis: Alexis Guinan (Partner), Melissa Schwartz (Partner) and Eveline Liu (Associate);

CFIUS aspects:  Katherine Padget (Partner) and Julie Choi (Counsel);

Privacy & Data Security aspects: Michael Miller (Senior Counsel); Environmental analysis: Andrew Oelz (Senior Counsel).

Axtria is a leading Agentic AI-first data analytics and cloud software company serving the global life sciences industry, across the commercial and clinical spectrum.

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