Khaitan assists RateGain on $250 million acquisition of Sorjun Inc.

RateGain Travel Technologies has acquired Sorjun Inc., a US-based technology company, in an all-cash deal for $250 million.

Khaitan & Co advised RateGain on this acquisition as well as on raising acquisition financing of $125 million from HSBC and Citibank.

The deal team comprised of Sarthak Sarin (Partner), Dr. Siddharth Srivastava (Partner) and Shrey Agarwal (Counsel).

RateGain is a global provider of AI-powered SaaS solutions for the hospitality and travel industry.