Shardul Amarchand Mangaldas & Co. and Katten Muchin Rosenman have acted as the legal counsel to Inventurus Knowledge Solutions and its wholly-owned subsidiary, Inventurus Knowledge Solutions, Inc., on the acquisition of a 100 percent stake by IKS Inc. in TruBridge Inc., a Delaware-based healthcare technology company, for a total consideration of up to USD 565 million. Cyril Amarchand Mangaldas and Sullivan Cromwell LLP guided TruBridge on this acquisition.
The transaction is being implemented through a reverse triangular merger in the U.S. 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.
SAM’s transaction team was led by partner – capital markets Nikhil Naredi, and partner – general corporate Devesh Pandey, along with principal associate Kuhuk Jain, and senior associate Jasmine Khan.
The Financing aspects were led by partner Zubin Mehta and partner Mohit Bhatia along with senior associate Shubhra Baghel.
The Due Diligence team included partners Devesh Pandey, Suruchi Kumar, Kirti Mahapatra, principal associate Kuhuk Jain, senior associates Jasmine Khan, Veda Handa and associates Kopal Agarwal, Sourav Paul, Tanvi Kaushal, Tanvi Rathore, Vandana Birthur and Vibhu Choubey.
CAM’s transaction team was led by partner Bhargav Joshi, with assistance from associates Saumya Sharma, Ayushi Agarwal, SB Aditi, Arushi Kankariya, Roshan Cyriac, and Ratna Pandey.
Partner (Co-Head – Private Client and Head – International Business Development) Rishabh Shroff, provided strategic inputs and guidance. Partner Meeta Kurpad, with support from principal associates Shivangi Singh and associate Mehul Jain advised on financing aspects of the transaction.
