Shardul Amarchand Mangaldas & Co. advised Inventurus Knowledge Solutions Limited on acquisition of TruBridge Inc.
The India’s leading law firm, Shardul Amarchand Mangaldas & Co. (SAM) acted as India legal counsel to Inventurus Knowledge Solutions Limited (“IKS”) and its wholly-owned subsidiary, Inventurus Knowledge Solutions, Inc. (“IKS Inc.”), on the acquisition of a 100% stake by IKS Inc. in TruBridge Inc., a Delaware-based healthcare technology company, for a total consideration of up to USD 565 million.
The transaction is being implemented through a reverse triangular merger in the United States, in which IKS Next Horizon, Inc., a wholly owned subsidiary of IKS Inc., will be merged with TruBridge Inc., resulting in TruBridge Inc. surviving as a wholly owned subsidiary of IKS Inc.
This transaction represents a significant acquisition by IKS in the healthcare technology sector and involves a multi-layered cross-border structure requiring coordination across Indian and U.S. legal and regulatory frameworks, including navigation of Indian exchange control regulations.
The SAM transaction team was led by Nikhil Naredi (Partner – Capital Markets) and Devesh Pandey (Partner – General Corporate), with support from Kuhuk Jain (Principal Associate) and Jasmine Khan (Senior Associate).
The financing aspects were led by Zubin Mehta (Partner) and Mohit Bhatia (Partner), with support from Shubhra Baghel (Senior Associate).
The due diligence team included Devesh Pandey (Partner), Suruchi Kumar (Partner), Kirti Mahapatra (Partner), Kuhuk Jain (Principal Associate), Jasmine Khan (Senior Associate), Veda Handa (Senior Associate), Kopal Agarwal (Associate), Sourav Paul (Associate), Tanvi Kaushal (Associate), Tanvi Rathore (Associate), Vandana Birthur (Associate), and Vibhu Choubey (Associate).
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