Cyril Amarchand Mangaldas advised Goldman Sachs on acquisition of majority stake in PeopleStrong Technologies
Cyril Amarchand Mangaldas advised Goldman Sachs on its acquisition of a majority stake in PeopleStrong Technologies Private Limited, a leading human capital management (HCM) SaaS provider headquartered in Gurugram, by way of a secondary purchase from certain existing shareholders, including Multiples Private Equity. The transaction was signed on 25th March 2025 and closed on 15th April 2025.
The Cyril Amarchand Mangaldas team was led by Ravindra Bandhakavi (Senior Partner) and Srabanee Ghosh (Partner), with support from Akshat Parmar (Principal Associate), Sudarshan Srikanth (Senior Associate), Aishwarya Dixit (SA – Designate), and Aeruvas Akash (Associate).
The due diligence exercise was led by Srabanee Ghosh (Partner), with assistance from Akshat Parmar (Principal Associate), Sudarshan Srikanth (Senior Associate), Radhika Shukla (Senior Associate), Raghuvansh Seth (Associate), and Aeruvas Akash (Associate).
Intellectual property and information technology diligence and documentation were led by Arun Prabhu (Partner, Head – Technology), supported by Soumya Tiwari (Associate), Anoushka Soni (Associate), and Saloni Agrawal (Associate).
Diligence on and amendments to the Company’s ESOP structure were led by Bharath Reddy (Partner), with support from Simran Jain (Senior Associate) and Mayank Jain (Associate).
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