DSK Legal advises i3 Verticals in USD 85 Million deal

LE Desk

New Delhi, November 12, 2022: DSK Legal has advised i3 Verticals, Inc. on the Indian-leg of its acquisition of a leading provider of enterprise software solutions for the motor carrier and motor vehicle markets in the U.S. States and Canada, with effect from October 1, 2022. This is i3’s second largest acquisition to date and the deal value is USD 85 Million, the Law Firm has said.

DSK Legal assisted i3 on all legal aspects of the transaction, including conducting due diligence, reviewing, negotiating, finalising the transaction documents and providing assistance for closing and post-closing requirements from Indian law perspective, the Law Firm said in a press statement. 

Frost Brown Todd LLC acted as the foreign counsel and advised i3 on the laws of U.S. Spencer Fane LLP (as the foreign counsel) and Khaitan & Co. (as the Indian counsel) represented the sellers on the transaction.

The team at DSK representing i3 comprised of Mr. Harvinder Singh (Partner), Ms. Shruti Dogra (Principal Associate), Mr. Manhar Gulani (Senior Associate) and Ms. Nida Negi (Associate).  Mr. Aparajit Bhattacharya (Partner) acted as the lead engagement partner for i3 on this transaction. 

The due diligence team included Ms. Shruti Dogra (Principal Associate), Mr. Manhar Gulani (Senior Associate), Mr. Archit Gupta, Ms. Nida Negi, and Ms. Vaishnavi Srivastava (Associates), the statement said.

i3 is a NASDAQ listed company which delivers seamless integrated payment and software solutions to customers and end users in strategic vertical markets. Building on its sophisticated and diverse platform of software solutions, i3 creates and acquires software products to serve the specific needs of public and private organizations in its strategic verticals that include Public Sector, Healthcare and Education, among others.