Deal Corner
February 03, 2023
Evertech Exits Acqueon Technologies

Deal Brief

Evertech Holdings Pte Ltd (“Evertech”) exited from Acqueon Technologies Private Limited ("Acqueon") after eight years. Acqueon is a leading market player and is known for its omni-channel customer engagement software. Evertech undertook an exit from Acqueon by a secondary sale to U.S. based Long Ridge Equity Partners.

Evertech is an India and South East Asia focused private equity fund with a diverse portfolio which includes technology, healthcare, pharma and financial sectors.

Our Role

We, at Nishith Desai Associates, acted as legal and tax counsel for Evertech Holdings Pte Ltd (largest selling shareholder for shareholding of 82.31%) in their exit from Acqueon Technologies Private Limited.

Press Coverage

https://www.livemint.com/companies/news/everstone-capital-logs-out-partially-from-it-services-firm-acqueon-11666770312551.html

https://startup.outlookindia.com/investors/everstone-capital-exits-majority-stake-in-acqueon-news-6582

https://thecapitalquest.com/2022/10/28/everstone-sells-majority-stake-in-tech-firm-to-us-investor/

https://www.vccircle.com/everstonecapital-logs-out-partially-from-it-services-firm-acqueon

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.

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Deal Corner

February 03, 2023

Evertech Exits Acqueon Technologies

Deal Brief

Evertech Holdings Pte Ltd (“Evertech”) exited from Acqueon Technologies Private Limited ("Acqueon") after eight years. Acqueon is a leading market player and is known for its omni-channel customer engagement software. Evertech undertook an exit from Acqueon by a secondary sale to U.S. based Long Ridge Equity Partners.

Evertech is an India and South East Asia focused private equity fund with a diverse portfolio which includes technology, healthcare, pharma and financial sectors.

Our Role

We, at Nishith Desai Associates, acted as legal and tax counsel for Evertech Holdings Pte Ltd (largest selling shareholder for shareholding of 82.31%) in their exit from Acqueon Technologies Private Limited.

Press Coverage

https://www.livemint.com/companies/news/everstone-capital-logs-out-partially-from-it-services-firm-acqueon-11666770312551.html

https://startup.outlookindia.com/investors/everstone-capital-exits-majority-stake-in-acqueon-news-6582

https://thecapitalquest.com/2022/10/28/everstone-sells-majority-stake-in-tech-firm-to-us-investor/

https://www.vccircle.com/everstonecapital-logs-out-partially-from-it-services-firm-acqueon

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.

NDA Connect

Connect with us at events, 
conferences and seminars.