Avathon Capital (Avathon) acquired a 100% stake in OculusIT, LLC (OculusIT) from ElevenX Capital. Trilegal advised Avathon on the acquisition of assets and workforce in India as part of the US transaction.
This was not a typical India-leg and included undertaking legal due diligence, carving out the relevant business, assisting with structuring of the transaction including tax related structuring and incorporation of a wholly owned subsidiary, assisting with the drafting and negotiations in relation to relevant transaction documents, facilitating acquisition of assets and related transition services arrangements.
The Trilegal Corporate Team advising on the mandate was led by Kosturi Ghosh, Partner, and supported by Abhishek Kalra, Counsel, Chandni Ochani and Ajeya BG, Senior Associates, and Gayathri Pillai, Divya Upreti, and Rajat Pareek, Associates.
The Trilegal Labour and Employment Team advising on the mandate was led by Swarnima, Partner, and supported by Aaryana Anand, Associate.
The Trilegal Direct Tax Team advising on the mandate was led by Himanshu Sinha, Partner, and supported by Rohit Kumar S, Counsel, and Aishwarya Palan, Senior Associate.
The Trilegal Indirect Tax Team advising on the mandate was led by Samsuddha Majumder, Partner, and Kartikey Kulshreshta, Counsel.
The Trilegal Corporate Governance and Compliance Team advising on the mandate included Vadiraja PC, Principal Consultant, and Sakshi Bahadur, Consultant.
