Dealstreet

Luthra, Khaitan, Rajaram Legal & IC Legal on $74 million funding for Head InfoTech

Bar & Bench

Head InfoTech India Pvt Ltd, an online skill-based gaming platform which operates Ace2Three, has secured approximately $74 million in funding by sale of 87% shareholding to Clairvest Group Inc and a consortium of certain other domestic and foreign investors.

DealHead InfoTech sells 87% shareholding to a group of investors
Value$75 million/ ₹500 crore approx
SectorGaming
Deal typePE
Law FirmsHead InfoTech- Luthra & Luthra; Clairvest- Khaitan & Co.; Matrix Partners – Rajaram Legal Co-investors- IC Legal
Partners/ HeadsLuthra & Luthra: Sundeep Dudeja & Vaibhav Kakkar; Khaitan & Co: Surbhi Kejriwal; Rajaram Legal – Archana Rajaram

Head InfoTech was advised by Luthra & Luthra through a team led by Partners Sundeep Dudeja & Vaibhav Kakkar.

Clairvest was advised by Khaitan & Co, and other investors were advised by IC Legal. The Khaitan team was led by Associate Partner Surbhi Kejriwal.

Matrix Partners was advised by Rajaram Legal’s Archana Rajaram.

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