Khaitan, Nishith Desai act on Zensar’s acquisition of Professional Access from 3i Infotech
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Khaitan, Nishith Desai act on Zensar’s acquisition of Professional Access from 3i Infotech

Pallavi Saluja

Nishith Desai and Associates advised Zensar in acquisition of US-based e-commerce technology firm, Professional Access (PA) from 3i Infotech.

The deal involved sale of the entire business of PA by way of slump sale in an all cash transaction.

Khaitan & Co acted for Professional Access with a team led by Partner, Haigreve Khaitan along with Associate Partner, Niren Patel.

Nishith Desai and Associates team was led by Partner Gowree Gokhale along with Senior Associate Huzefa Tavawalla and Associate Kartik Maheshwari.

It’s estimated that Zensar spent Rs.300- 420 crore ($50-70) million through a combination of internal resources and debt, reports Hindu Businessline.

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