Deal Corner
April 16, 2024
NDA Represents EKA Software Solutions and Its Shareholders in Sale to Symphony Technology Group

DEAL BRIEF

Symphony Technology Group (‘STG’), a US based private equity firm which is focused on software and software enabled services, undertook an acquisition of EKA Software Solutions (‘EKA’), a global provider of commodity management solutions with presence across Switzerland, Canada, US, UK, Australia, Singapore and India,

EKA has been engaged in the commodities trade and risk management (‘CTRM’) and supply chain solutions, consistently delivering innovation to its customers. The sale was done by acquisition of the parent entity of the EKA group structure domiciled in Singapore.

OUR ROLE

We at Nishith Desai Associates, acted as the lead counsel for EKA and its shareholders and advised EKA and its shareholders on the legal and regulatory aspects, including negotiation and closing of the transaction.

DEAL TEAM

Vaibhav Parikh

Ayushi Pandey

Muqeet Drabu

Harman Khorana

Parina Muchhala

Anurag Shah

COMPLIANCE TEAM

Chandrashekar K

Rakesh Krishnan

TAX TEAM

Parul Jain

Arijit Ghosh

DUE DILIGENCE TEAM

Yogesh Nayak

Anirudh Arjun

MEDIA COVERAGE:

https://inc42.com/buzz/us-based-stg-acquires-eka-software-merges-it-with-portfolio-company-quor/

https://economictimes.indiatimes.com/tech/startups/stg-acquires-cloud-based-solution-provider-eka-software/articleshow/109132206.cms?from=mdr

https://business.outlookindia.com/companies/stg-acquires-cloud-based-solution-provider-eka-software

https://www.cnbctv18.com/business/companies/american-pe-firm-stg-acquires-manav-garg-founded-saas-company-eka-software-solutions-19393887.htm

https://bwdisrupt.businessworld.in/article/STG-Acquires-Eka-Solutions-To-Be-Merged-With-Quor-Group/09-04-2024-516440/

 


Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.


Deal Corner

April 16, 2024

NDA Represents EKA Software Solutions and Its Shareholders in Sale to Symphony Technology Group

DEAL BRIEF

Symphony Technology Group (‘STG’), a US based private equity firm which is focused on software and software enabled services, undertook an acquisition of EKA Software Solutions (‘EKA’), a global provider of commodity management solutions with presence across Switzerland, Canada, US, UK, Australia, Singapore and India,

EKA has been engaged in the commodities trade and risk management (‘CTRM’) and supply chain solutions, consistently delivering innovation to its customers. The sale was done by acquisition of the parent entity of the EKA group structure domiciled in Singapore.

OUR ROLE

We at Nishith Desai Associates, acted as the lead counsel for EKA and its shareholders and advised EKA and its shareholders on the legal and regulatory aspects, including negotiation and closing of the transaction.

DEAL TEAM

Vaibhav Parikh

Ayushi Pandey

Muqeet Drabu

Harman Khorana

Parina Muchhala

Anurag Shah

COMPLIANCE TEAM

Chandrashekar K

Rakesh Krishnan

TAX TEAM

Parul Jain

Arijit Ghosh

DUE DILIGENCE TEAM

Yogesh Nayak

Anirudh Arjun

MEDIA COVERAGE:

https://inc42.com/buzz/us-based-stg-acquires-eka-software-merges-it-with-portfolio-company-quor/

https://economictimes.indiatimes.com/tech/startups/stg-acquires-cloud-based-solution-provider-eka-software/articleshow/109132206.cms?from=mdr

https://business.outlookindia.com/companies/stg-acquires-cloud-based-solution-provider-eka-software

https://www.cnbctv18.com/business/companies/american-pe-firm-stg-acquires-manav-garg-founded-saas-company-eka-software-solutions-19393887.htm

https://bwdisrupt.businessworld.in/article/STG-Acquires-Eka-Solutions-To-Be-Merged-With-Quor-Group/09-04-2024-516440/

 


Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.