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Deal: Trilegal represented Apax Partners LLP in securing an unconditional approval from the Competition Commission of India pertaining to its acquisition of approximately 30% shareholding in IBS Software Pte. Ltd.

17 Aug 2023

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Trilegal represented Apax Partners LLP (“AP”) in securing an unconditional approval from the Competition Commission of India (“CCI”) pertaining to its acquisition of approximately 30% shareholding in IBS Software Pte. Ltd. (Singapore) (“IBS”) from Blackstone Inc. (“Proposed Transaction”).

AP is a limited liability partnership incorporated under the laws of United Kingdom and the parent of a number of entities which provide investment advisory services to private equity funds investing in a range of industry sectors.

IBS is a private company incorporated under the laws of Singapore, and is the parent company of the IBS group of companies, which is a leading provider of innovative modern Software-as-a-Service (“SaaS”) solutions to the global travel and logistics industry. IBS provides next-generation SaaS solutions that power the most mission-critical operations at the world’s leading aviation, tour and cruise, hospitality and logistics companies, and helps travel companies accelerate innovation and drive efficiency across a broad set of core business processes. IBS also provides the widest range of software products to the air transportation industry.

The Trilegal competition team representing AP was led by Nisha Kaur Uberoi, Partner & National Head – Competition Law; Rudresh Singh, Partner along with Divye Sharma, and Rahat Dhawan, Senior Associates; and Vrinda Nagpal, Mehar Dang, and Akanksha Mathur, Associates.

Other advisors:
Ashurst LLP were the foreign counsel for Apax Partners LLP.

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 |

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