Solveda Group’s acquisition by Saksoft Limited

  • Deal
  • August 29, 2023

JSA assisted the shareholders of Solveda LLC and Solveda Software India Private Limited (“Solveda Group”), in the acquisition of a 100% stake (directly and indirectly) in Solveda Group by Saksoft Limited through its affiliates. The transaction comprised of a US leg and an India leg.

The transaction involved extensive negotiations and discussions with Solveda LLC, Solveda India and Saksoft, and JSA was involved in all aspects of the transaction which involved negotiating transaction documents on behalf of the Sellers, advising on the direct tax implications of the sale of shares in Solveda LLC under Indian tax law, and negotiating protective provisions for key employees remaining in Solveda and receiving earnouts.

Our transaction team comprised Partner – Archana Tewary and Associate – Nayonika Sinha.