AZB & Partners along with Choate, Hall & Stewart LLP advised on TCS’ USD 700 million acquisition of Coastal Cloud.
Coastal Cloud is a leading multi-cloud Salesforce consulting firm, specializing in enterprise-scale transformations, and this acquisition will help TCS further strengthen its Salesforce advisory and business consulting capabilities across sectors, expand its geographic presence, and deepen its talent pool. After this acquisition TCS will be among the top 5 Salesforce advisory and consulting firms globally.
This deal has been reported as the largest acquisition by the software exporter to date and one of the largest by an Indian IT firm.
AZB & Partners advised Tata Consultancy Services (TCS) on its acquisition of Coastal Cloud Holdings LLC and its subsidiaries for an enterprise value of USD 700 million.
The transaction team comprised Senior Partner Ashwath Rau, Partner Prerak Ved, Senior Associate Abhay Raj Singh Bundela, and Associate Hardik Batra. Support on antitrust aspects was provided by Senior Partner Bharat V. Budholia, while FEMA-related guidance was provided by Senior Consultant Padmanabhan.
Choate, Hall & Stewart LLP represented Sverica Capital Management and its portfolio company, Coastal Cloud, in connection with Coastal Cloud entering into a definitive agreement to be acquired by TCS.
The team comprised Lee Feldman, Sean Small, Andrew Norkiewicz, Michael Sands, Kevin Sarro, Aspen Schneider, Stefano Sharma, and Elizabeth Powers.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
