Trilegal advised Apax Partners to Unconditional Approval from CCI for 30 % Stake Acquisition in IBS Software

Trilegal advised Apax Partners to Unconditional Approval from CCI for 30 % Stake Acquisition in IBS Software

Trilegal acted as the advised Apax Partners LLP (AP) in successfully obtaining unconditional approval from the Competition Commission of India (CCI) for the acquisition of 30% of the shares in IBS Software Pte. Ltd. from Blackstone Inc.

AP is a limited liability partnership established under the jurisdiction of the United Kingdom, serving as the parent entity for various subsidiaries that offer investment advisory services to private equity funds engaged in diverse industry sectors.

IBS is a privately held company established under the laws of Singapore. It functions as the parent organisation for the collection of entities known as the IBS group of companies. This group stands as a foremost provider of cutting-edge Software-as-a-Service (SaaS) solutions within the global travel and logistics sector.

IBS specialises in furnishing state-of-the-art SaaS solutions that underpin critical operations within premier aviation, tour, cruise, hospitality, and logistics enterprises worldwide. By offering next-generation solutions, IBS empowers travel businesses to expedite innovation and enhance operational efficiency across a wide spectrum of vital business processes. Notably, IBS holds the distinction of offering an extensive array of software products tailored to the distinct requirements of the air transportation industry.

The competition team from Trilegal that advocated for AP was led by Nisha Kaur Uberoi (Partner and National Head for Competition Law) and Rudresh Singh (Partner) along with Divye Sharma, and Rahat Dhawan, Senior Associates; and Vrinda Nagpal, Mehar Dang, and Akanksha Mathur, Associates.

Ashurst LLP acted as the foreign legal counsel on behalf of Apax Partners LLP.