Khaitan & Co, Cleary Gottlieb, Trilegal act on TPG Growth's $150 million investment in Tessolve

TPG Growth has made a $150 million investment in Tessolve, a leading semiconductor engineering services company.

Khaitan & Co advised TPG Growth on this investment.

The core team consisted of Kartick Maheshwari (Partner), Gautam Suseel (Partner), Hardik Bhatia (Partner), Sweta Rao (Counsel), Shreyas Bapat (Principal Associate) and Rhythm Chopra (Senior Associate).

The core team was supported by the due diligence team comprising Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Vivek Narayan (Senior Associate), Simran Sharma (Senior Associate), Toshani Mukherjee (Senior Associate), Associates Insaf Ahamad T K, Tasneem Husain, Vidya Shenoy, Harshit Sawale and Ajay Kranthi Kothwal.

Cleary Gottlieb also advised TPG Growth on this investment.

Trilegal advised Tessolve on this transaction.

The transaction team was led by Amit Khansaheb (Partner) and Vishruta Kaul (Partner).

Founded in India in 2004, and late acquired by Hero Electronix in 2016, Tessolve is a partner to 18 of the world’s top 20 semiconductor firms and employs over 3,500 engineers across offices.

Tessolve plans to use the funds to strengthen global delivery centres, expand advanced test labs, and enhance its end-to-end semiconductor engineering capabilities.

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