Crowley Millar Solicitors LLP acted in the sale of a 70% stake in Perigord Asset Holdings Limited for €21 million to the Indian multinational, Tech Mahindra Group.
Tech Mahindra will acquire the remaining 30% of the shares from the sellers, under a four year earn out at a valuation linked to the financial performance of the company. The sellers will continue to lead the company during the earn out period and it is expected that the synergies between both Perigord and the Tech Mahindra Group will be highly significant.
The Crowley Millar deal team comprised of Denis Jacobson, Emma Cafferky, Neil Millar, John Carroll and Gerry O’Grady.
Hugh Millar, Managing Partner of Crowley Millar commented “We are delighted that Perigord and its management put their trust in us to advise them on this highly complex deal. This proves once again that Crowley Millar is the legal adviser of choice for high growth companies. Despite the challenges of COVID-19, our corporate team continues to assist clients with high value cross border transactions, including the $400 million sale of Decawave to US semiconductor conglomerate Qorvo on which our team advised in 2020.”
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