LegaLogic advises AFour Technologies in its acquisition by ACL Digital
Established in 2007, AFour Technologies (a.k.a. AFour) focuses on Software Product Engineering Services comprising UI/UX Design, Architecture Design and Consulting, Software Development, DevOps (CloudOps, SysOps, and DBOps), QA (Test Strategy and Implementation, Test Automation, Performance, Security), and Monitoring.
ACL Digital, an ALTEN group company, is a design-led Digital Experience, Product Innovation, Solutions, Engineering Services & Digital Transformation leader.
LegaLogic (www.LegaLogic.co.in) advised AFour Technologies on the term sheet, due diligence assistance, negotiation and finalisation of deal documentation and closing.
Siddhesh Iyer, Pranav Divgi, Janhavi Shringarpure, Tanmayee Apte, Tanvi Garaty and Srishti Singh worked on this deal with Vikas Agarwal and Vivek Sadhale.
Commenting on the role of LegaLogic, Subodh Parulekar, CEO and Mahesh Kulkarni, MD, AFour Technologies said, “The LegaLogic team helped AFour in the critical M&A transaction with ACL Digital (an Alten Group Company). The LegaLogic team, led by the calm and composed leadership of Vikas Agarwal, was quite professional, supportive, and available round the clock. In the first few discussions with the buyers, we realized that the LegaLogic team grasped the nitty-gritties of the complex transaction involving shareholders spread across the globe. We were relieved of our legal worries, when we observed that the team working with us was quite competent, with great attention to detail. They came up with important observations and introduced important concepts in ensuring the interests of sellers. The team scrutinized every clause thoroughly. The wisdom applied in deciding whether to push back or not and the sequence of introducing issues and tracking to the closure were some of the important capabilities of the LegaLogic team that helped us in successfully closing the deal. Wishing the best to the LegaLogic team!”