JSA represented Clearlake Capital Group, L.P. and Motive Partners in the Indian leg of their acquisition of BETA+ assets from Refinitiv India, a London Stock Exchange Group company (LSEG). JSA team assisted with the transaction structuring and documentation in relation to the India leg of the transaction including advising on complex issues pertaining to the transition of employees.
BETA+ encompasses the assets of BETA (a securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax basis reporting software), and Digital Investor (front-end client solutions). By acquiring the BETA+ assets from LSEG and creating a standalone platform, Clearlake and Motive intend to execute on a buy and build strategy, supported by Clearlake’s proprietary O.P.S.® framework, and Motive’s value creation plan.
JSA transaction and diligence team comprised Joint Managing Partner – Vivek K Chandy, Partner – Shafaq Sapre, Of-Counsel – Mohammed Abid Hussain, Associate – Aishwarya Gupta, and, Paralegal – Suma V R.
JSA taxation support team comprised Partner & Head of Practice – Direct Tax – Kumarmanglam Vijay, Partner – Shareen Gupta, and Senior Consultant – Ruchita Modi.
JSA real estate team comprised Partner – Karthik BM and Associate – Nagashree Prasad.
JSA competition law team comprised Partner & Head of Practice – Competition Law – Vaibhav Choukse.
JSA finance team comprised Partner – Anjana Potti.
JSA employment team comprised Partner – Preetha S.
Anjana specialises in banking and finance with expertise in debt restructuring, structured and project funding (secured, limited recourse and syndicated), financing of inward and outbound mergers and acquisitions, real estate financing, and general banking products.
Karthik has extensive experience in advising on the entire gamut of Real Estate transactions. He regularly advises on structuring various real estate transactions and drafting agreements including leasing of large commercial and retail spaces, property acquisition, investments in real estate, and financing.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.
Ruchita Modi specializes in the field of indirect taxes. Ruchita has around 9 years of experience in advising clients on various matters under Value Added Tax Laws, Service Tax, Excise duty, Customs Law, Goods and Services Tax and Foreign Trade Policy.
Shareen Gupta specializes in the field of indirect taxes. Shareen has more than 14 years of experience in advising clients on various matters under Value Added Tax Laws, Service Tax, Excise duty, Customs Law, Goods and Services Tax and Foreign Trade Policy.
Vaibhav is heading the Firm’s Competition Law Practice and has been practicing competition law since its inception in India. He focuses on complex enforcement/ litigation and merger control cases and represents and advises clients on a broad range of competition law issues spanning across several sectors.
Vivek assumed office as the Joint Managing Partner of the Firm from January 2019. He has over 30 years of experience in areas of private equity, mergers and acquisitions, corporate commercial work and real estate advisory in India.