JSA advised TPG in connection with its proposed acquisition of PTC’s Industrial Connectivity and IoT Businesses

  • Deal
  • November 14, 2025

JSA Advocates & Solicitors advised TPG on Indian law aspects in relation to TPG’s proposed acquisition of PTC’s Kepware® industrial connectivity and ThingWorx® Internet of Things (IoT) businesses. TPG will invest in the businesses through TPG Capital, the firm’s U.S. and European private equity platform.

The transaction is subject to certain conditions precedent and closing actions.

The Transaction team was led by Partner Vikram Raghani, with Partner Yashvi Singh, supported by Senior Associate Vaishnavi Vyas, Associates Pranjal Shorey & Tanya Byndoor, and Senior Company Secretary Niki Shah advising on the primary transactional aspects.

The Employment team, led by Gerald Manoharan, with Partner Sonakshi Das, handled the employment-related components of the transaction, supported by Associates Shreeya Sucharita and Devika Sreekumar.

The Tax team was led by Partner Kumarmanglam Vijay, with Partners Shareen Gupta and Surajkumar Shetty, along with Principal Associate Ruchita Modi and Associate Aditya Patadia, who advised on the tax-related aspects of the transaction.