PowerSchool, a NYSE-listed global leader of cloud-based software for K-12 education, has acquired Jarulss Software Solutions Private Limited (d/b/a Neverskip), an enterprise resource planning (ERP) software company based in Chennai, India.
Khaitan & Co assisted and advised PowerSchool in this acquisition deal. The Firm's role included assisting on the structuring of the acquisition from an Indian law perspective, conducting legal due diligence on Neverskip, drafting and negotiating the transaction documents, and assisting with the closing of the transaction.
The core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Principal Associate), Utsav Lohia (Senior Associate) and Palak Kumar (Associate) with assistance from:
Direct Tax aspects: Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate);
Intellectual Property aspects: Nirupam Lodha (Partner), Malika Nandkeolyar (Senior Associate) and Gautam Wadhwa (Associate);
Data Protection aspects: Supratim Chakraborty (Partner), Sumantra Bose (Principal Associate) and Shramana Dwibedi (Associate).
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