NIIT Limited, a global leader in skills and talent development, acquired RPS Consulting Private Limited, a premier provider of training programs for IT and soft skills, for INR82.3 crores (approximately US$9.5 million). This acquisition strengthens NIIT’s position in corporate training services and significantly enhances its ability to deliver high-quality IT and professional skills to leading enterprises in India and abroad. Majmudar & Partners acted as legal advisors for RPS Consulting on this transaction, ensuring a smooth and legally compliant process through their M&A expertise.
Facilitating the Transaction
Majmudar & Partners’ role was integral in ensuring the transaction was seamless and legally sound. Specifically, the firm handled:
- Due Diligence: Assisted RPS Consulting in managing the data room for the due diligence process for NIIT to assess RPS Consulting’s legal standing and regulatory compliance and assisted the client in addressing the potential legal risks associated with the acquisition.
- Document Review and Negotiation: Reviewed, negotiated, and finalized transaction documents, ensuring the terms were favorable and in line with Indian laws governing M&A activities.
- Regulatory Compliance: Ensured that the acquisition complied with all relevant legal regulations, given the complexities of acquiring a company with significant IT operations and training services, including those that are specifically applicable to the education and technology sectors.
NIIT Limited’s acquisition of RPS Consulting Private Limited is a strategic move that enhances its ability to provide high-quality corporate learning solutions, particularly in the IT sector. The firm’s expertise in handling high-stakes M&A deals helped RPS Consulting navigate the legal complexities of the sale, ensuring the transaction closed smoothly and on schedule.
With extensive experience in facilitating cross-border and domestic M&A transactions, Majmudar & Partners has built a reputation for successfully navigating complex legal frameworks. Contact us today to learn how we can guide you through the process of acquisition or strategic merger, ensuring a smooth and legally sound transaction.