Acquisition of controlling stake in SLK Global Solutions Private Limited

J. Sagar Associates (JSA) advised Coforge Limited in acquisition of controlling stake in SLK Global Solutions Private Limited. Coforge shall initially acquire 60% stake in SLK Global, with SLK Global’s founders completely exiting. Fifth Third Bank’s stake in the company will be reduced to 40% and shall continue at that level for the next 2 years. Coforge will acquire an additional 20% stake from Fifth Third Bank after the completion of 2 years. As part of the transaction, Fifth Third Bank has committed to remaining a significant customer of SLK Global and has also committed a base volume over 5 years starting FY’22.

Aggregate consideration for the acquisition of 60% of SLK is INR 9183 Million.

JSA team comprised Partner – Anand Lakra, Principal Associate – Abhilash Chandran, Associates – Ami Shah and Ankit Kumar.