CAM, AZB, Simpson Thacher act on Blackstone acquiring majority stake in R Systems

The majority stake is set to be acquired for ₹2,904 crores.

Blackstone is set to acquire the majority stake in product engineering firm R Systems for a total amount of ₹2,904 crores.

Cyril Amarchand Mangaldas' General Corporate, Competition Law Practices, and Corporate Secretarial team acted for Blackstone in this deal.

The transaction was led by Shishir Vayttaden (Partner), Gautam Gandotra (Partner); with support from Shweta Sriram (Principal Associate); Arnav Shah (Principal Associate), Reeti Agarwal (Associate), Riya Sharma(Associate), Raksha Raina (Associate), Tawishi Beria (Associate) and  Siddharth Rana (Associate).

Real Estate related aspects - Team led by Abhishek Sharma (Partner, Co-head-Real Estate), Abhilash Pillai (Partner), Ashish Jain (Partner); with support from Urjita Chitnis (Senior Consultant), Karan Sharma (Principal Associate), Jinal Mehta (Principal Associate), Ritha Ulbyre (Senior Associate), Shorya Choudhary (Associate) and Siddharth Iyer (Associate).

Technology, IPR and data privacy related aspects - Team led by Arun Prabhu (Partner, Head - TMT); Anirban Mohapatra (Partner) with support from Arpita Sengupta (Senior Associate), Aakriti Singh (Associate) and Anoushka Soni (Associate).

Employment law advisory and due diligence - Team led by Richa Mohanty Rao (Partner) with support from V Ankita Sharma (Senior Associate); and Anushka Dua (Associate).

Competition law aspects - Team led by Avaantika Kakkar (Partner, Head-Competition), Kaustav Kundu (Partner) with support from Ruchi Verma (Principal Associate), Shivani Sathe (Associate), Shruti Khaitan (Associate), Mohini Parghi (Associate)

Corporate Secretarial Services - Team led by Bharat Vasani (Parnter) with support from Chirag Nagda (Associate Director), Mihir Sangani (Assistant Manager), Manik Makwana (Manager), Shikha Mody and Sneha Nautiyal (Executive).

AZB & Partners acted as legal advisor to the sellers of R Systems.

Simpson Thacher & Bartlett LLP acted as international law firm

R Systems, founded in 1993 by Satinder Singh Rekhi, specializes in product engineering, and serves over 250 customers in technology, media, telecom, and financial services sectors globally. The company is employing over 4,400 people across 18 delivery centers in North America, Europe, Asia Pacific, and India. For R Systems this acquisition will take it to the next level of growth as Blackstone will be able to open its network of clients for the company.

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