Goodwin has advised New York-listed Catcha Investment, a publicly traded special purpose acquisition company, on its definitive agreement with Crown LNG Holdings, for a business combination that would result in Crown becoming a US publicly listed company. The combined company, which will have a pro forma implied enterprise value of approximately US$685 million, intends to apply to list its shares in New York. Crown LNG Holdings is a leading provider of offshore LNG liquefaction and regasification terminal technologies for harsh weather locations. Catcha Investment was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Catcha is sponsored by Catcha Group, one of the earliest and most established new economy-focused investment groups in Southeast Asia and Australia. Hong Kong private equity partners Daniel Dusek, Douglas Freeman and Victor Chen, Boston partner Jocelyn Arel and New York partner Jeffrey Letalien (capital markets / SPACs) and Boston partner Daniel Karelitz (tax) led the firm’s team in the transaction, which is expected to be completed in the fourth quarter of 2023.
JSA has advised the shareholders, including Mr Sanjeev Fadnavis, (as the sellers) and Nitor Infotech, on the acquisition of a 100 percent stake in Nitor by Ascendion Engineering (Ascendion India). A leading software product development company in India, Nitor provides software product development and platform development services to its clients that are independent software vendors, platforms and enterprises. Nitor’s services include UI/UX, architecting, design and development, quality engineering and test automation, data engineering, cloud engineering and DevOps services. Ascendion India is a part of the New Jersey-based Ascnedion group, a leading technology company in the US. Partner Archana Tewary led the firm’s team in the transaction.
Trilegal has advised Carlyle Group on its strategic acquisition of a significant minority stake in Quest Global, Singapore. Corporate partners Nishant Parikh and Sneha Vardhan, along with Atul Gupta (labour and employment), Jyotsna Jayaram (TMT) and Tine Abraham (dispute resolution), led the firm’s team in the transaction.
TT&A has advised Cisco Systems on its acquisition of Armorblox, along with its Indian subsidiary, a cybersecurity company with primary focus on email and cloud security solutions. This is a significant acquisition, as it involves cybersecurity startup that has pioneered the use of large language models and natural language understanding in cybersecurity. The deal will allow Cisco to leverage the Armorblox’s use of predictive and generative AI across its portfolio, and will allow enhanced attack prediction, rapid threat detection and efficient policy enforcement. Partners Dushyant Bagga and Harshit Chandra led the firm’s team in the transaction.