PayU Expands Its Footprint in Fintech with Mindgate Acquisition
at 02:21 PM IST
Overview of the Transaction
Cyril Amarchand Mangaldas (CAM), a leading full-service law firm, provided advisory services to PayU Payments Private Limited, part of the global consumer internet group Prosus based in Amsterdam. This strategic move involves PayU acquiring a stake in Mindgate Solutions Private Limited through a secondary purchase from select existing shareholders.
Role of Cyril Amarchand Mangaldas
CAM’s involvement encompassed a thorough due diligence process regarding Mindgate, as well as the drafting, negotiation, and execution of essential transaction documents. Their expertise was crucial in navigating the complexities associated with this fintech acquisition.
About PayU and Mindgate Solutions
PayU has established itself as a prominent player in the payment and fintech industry, focusing on enhancing digital financial services. Meanwhile, Mindgate Solutions is recognized for its contributions to technology solutions within the financial sector, positioning both companies for future growth following this acquisition.
Cyril Amarchand Mangaldas: A Snapshot
As a premier legal advisory firm, CAM operates from multiple offices across major business hubs including Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore, and Abu Dhabi. The firm caters to a broad clientele, which includes commercial enterprises, financial institutions, private equity and venture capital funds, startups, as well as government and regulatory bodies.
