Shardul Amarchand Mangaldas & Co. Advised Founders in Sale of GM Insights Solutions to Apollo Intelligence Operating
In a significant development in the realm of business acquisitions, Shardul Amarchand Mangaldas & Co. has advised Sandeep Sankhla and Vrinda Deval on the successful sale of their entire shareholding in GM Insights Solutions Private Limited and its subsidiary, Glocal Mind Inc., to Apollo Intelligence Operating, LLC. The deal, finalized on January 5, 2024, marks a strategic move within the global healthcare data collection and software consulting sectors.
The transaction was expertly guided by the legal team at Shardul Amarchand Mangaldas & Co., led by Devesh Pandey, Partner; Kuhuk Jain, Senior Associate; Rudra Pratap Tripathi, Associate; and Anushka Ganguli, Associate. Their expertise ensured a smooth and efficient process for the sellers, navigating the complexities of the deal.
International legal and tax aspects of the transaction were handled by White Summers Caffee & James, LLP, and Baker Newman Noyes, respectively, ensuring a comprehensive approach to the deal’s intricacies. The sellers were advised by these firms on navigating the complexities of international legal and tax implications.
Apollo Intelligence Operating, LLC, the acquirer in this transaction, sought legal counsel from Goodwin Procter, LLP, and Cyril Amarchand Mangaldas for international and Indian legal aspects, respectively. This multi-faceted legal counsel ensured that both parties were well-represented and their interests protected throughout the acquisition process.
The acquisition aligns with Apollo Intelligence Operating’s commitment to creating real-time, rapid insights for informed decision-making throughout the health discovery process. This strategic move is expected to leverage the strengths of GM Insights Solutions and Glocal Mind Inc., positioning Apollo Intelligence Operating as a major player in the global healthcare data collection and analytics domain.
The successful execution of this deal not only underscores the expertise of Shardul Amarchand Mangaldas & Co. in facilitating complex transactions but also highlights the dynamism within the healthcare and software sectors, as companies strategically align to enhance their capabilities in an evolving market landscape.