Walid Sukari
Partner •
Sydney
Clayton Utz advising Infosys on Versent Group joint venture with Telstra
1 minute
Clayton Utz is acting for Infosys Limited (NYSE:INFY) on its agreement to acquire a 75% interest in the Versent Group, with Telstra Group Ltd (ASX: TLS) retaining a 25% interest in that business. The value of the agreement is $233 million, comprised of a $175 million upfront payment with additional payments subject to performance and other conditions.
The Versent Group is a leading cloud and digital transformation solutions provider, harnessing a team of 650 engineers, advisors, strategists spread across Australia.
The transaction was led by Clayton Utz partners Walid Sukari and Samy Mansour, alongside special counsel Mariam Azzo, IP& Technology senior associate Alexander Horder and lawyers Lauren Parnaby, Cooper Greenberg, Amel Saeed, Lauren Judge and James Yuan.
The Infosys in-house legal team advising on the acquisition included Inderpreet Sawhney, Rakesh Udupi, Abhishek Sharma, Ishan Kushwaha and Vandana Tansukhani.
A multi-disciplinary team supported the acquisition, including IP & Technology partner Timothy Webb, special counsel Akmal Chunara and Lyndal Sivell and senior associate Antonia Wayne-Boyle; Competition partner Mihkel Wilding, special counsel Doug Thompson and senior associate Caroline De Paoli; Workplace Relations partner Cynthia Elachi, senior associate Brittany Keller and lawyers Sophie Kondilios and Amelia McGrath; Banking and Financial Services partners Kathy Santikos and Vanessa Pallone, special counsel Tania Chahine, senior associate Tina Lau and lawyers Richard Clark, Riley Taylor and Jeevan Kullar; Real Estate partner Eva Oraham, special counsel Philipa Thomson, senior associate Emil Obaid and lawyer Tali Singer, and Tax partners Peter Feros, Keshni Maharaj, consultant Jeff Lum, senior associates Michelle Pham, David Wong and Alex Melara and lawyer Jessica Chen.
This transaction follows Clayton Utz acting for Infosys on its acquisition of leading information technology group The Missing Link and the business of Carter Digital.
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