JSA advised Australian Securities Exchange-listed software group Altium on the India leg of the sale of its global “TASKING” business to Scandinavian PE investor FSN Capital. TASKING develops and operates software design technology processors in the field of security and assistance systems. The transaction involved a global carve-out of the TASKING business across jurisdictions, including India.
The JSA Team was led by Shafaq Uraizee Sapre (Partner), Adhiraj Gupta (Senior Associate), and Priyanka Murali (Associate). Kumarmangalam Vijay (Partner) assisted on tax aspects.
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.