Kanga & Co advised GPX Global Systems, a provider of carrier-neutral colocation facilities, when it sold its India operations to Nasdaq-listed Equinix in a USD161 million all-cash deal. Cyril Amarchand Mangaldas (CAM) advised Equinix, a digital infrastructure company that is entering India through this acquisition.
The deal, which was announced on 10 August 2020, closed on 1 September. Kanga & Co’s team comprised its senior partner, ML Bhakta, partner Preeti Mehta, associate partner Shuchii Pathak, and associate Jalees Shaikh. The firm said the deal was done without a single physical meeting, entirely on online platforms.
GPX Global Systems said the deal would allow it to turn its attention to growing its business in Africa, while Equinix said the acquisition would allow it to support its “existing network, content, cloud and enterprise customers looking to expand in this rapidly growing market”.