Tokyo-based Hitachi Ltd is acquiring Chennai-based payment solutions firm Prizm Payments Services..Hitachi will acquire the shares of all of Prizm’s stakeholders, including Winvest Holdings (India), Sequoia Capital, Axis Bank and other minority shareholders..Khaitan & Co is advising Hitachi with a team led by Partner Zakir Merchant..AZB & Partners is acting for Sequoia Capital with a team led by Partner Gautam Saha along with Senior Associate Sachin Mehta..A&M Law Offices is acting as domestic counsel for Winvest Holdings while Gibson Dunn is acting as International legl counsel with Partner Jai S. Pathak..Partner Sanjeev Adlakha is leading the A&M team along with Associates Prachi Goel and Kanika Khanna..Hitachi will use Prizm’s customer base, and its technical know-how of cash operations as well as payment and management systems for financial institutions, to step up development of IT services business in India and globally, reports VCCircle..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
