S&R Associates has advised asset life cycle manager OPC Asset Solutions in its acquisition by Germany-based technology firm CHG-Meridian. “OPC Asset Solutions provides direct access to the fast-growing Indian market,” said CHG-Meridian.
Partners Sanjeev Adlakha and Prachi Goel along with counsel Kinnari Sanghvi led the S&R team, assisted by associates Shreya Jaipuria, Nikhitha Tadigoppula and Varun Yadav.
CHG-Meridian is an international technology management and financing company for IT, industrial and healthtech. OPC Asset Solutions is based in Mumbai.
The German company said the transaction will unlock the growth potential of India, which it considers a consistently fast-growing market. “Attractive economic growth and increasing levels of digitalisation still hold enormous potential for usage models based on effective asset life cycle management. The acquisition will therefore contribute to the further growth development of CHG-Meridian,” it said.
Cyril Amarchand Mangaldas advised CHG-Meridian on the acquisition, while KPMG acted as tax adviser for the German company