Khaitan & Co along with Akin Gump Strauss Hauer & Feld acted as the legal counsel to Kedaara Capital in relation to its investment into Axtria, Inc. and its subsidiaries, a leading Agentic AI-first data analytics and cloud software company serving the global life sciences industry, across the commercial and clinical spectrum. Structured as a combination of secondary investment and company-sponsored buyback, the transaction delivers total liquidity of USD 240 million.
Khaitan advised Kedaara Capital on all aspects pertaining to the transaction, including legal diligence of Axtria, drafting, negotiating, finalising and executing of the definitive agreements relating to the investment, from an Indian law and a US law perspective respectively.
The Khaitan & Co team comprised Partners Shreya Mukherjee and Soumil Garg, along with Senior Associate Param Gupta. They were supported by Associates Prakruti Shah, Vivek Badkur, and Stuti Sehgal on corporate and commercial aspects; Partner Deepak Kumar and Associate Varsha Sankara Raman on employment, labour and benefits matters; and Counsel Sourav Dan on intellectual property aspects.
Akin Gump Strauss Hauer & Feld advised Kedaara Capital in its investment in Axtria, Inc., a leading agentic AI-first data analytics and cloud software company serving the global life sciences industry, and its subsidiaries. Structured as a combination of secondary investment and company-sponsored buyback, the transaction delivers total liquidity of $240 million.
The Akin team was led by Corporate Partner Carlos Bermudez and Senior Associate Mark Kim, supported by Corporate Associate Michelle Guefen; Labour & Employment Partner Desiree Busching and Counsel Christopher Lech; Executive Compensation & Benefits Counsel Aaron Farovitch and Associate Dilara Kesir; Intellectual Property Partner David Lee; International Competition Partner Scott Pettifor; International Trade Partners Alexis Guinan and Melissa Schwartz and Associate Eveline Liu; CFIUS Partner Katherine Padgett and Counsel Julie Choi; Privacy & Data Security Senior Counsel Michael Miller; Environmental Senior Counsel Andrew Oelz; and Tax Partner Olivier de Moor
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