Coforge Limited has completed the acquisition of Encora, a digital and software engineering services company owned by Advent International and Warburg Pincus, for an aggregate consideration of approximately USD 2.35 billion.

The transaction represents one of the largest acquisitions by an Indian IT services company, underscoring continued consolidation in the global digital engineering and software services sector.

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Deal Overview

Legal Advisory – Seller Side

Khaitan & Co – Counsel to Advent International

Khaitan & Co advised Advent International on the sale of Encora Holdings to Coforge at a valuation of USD 2.35 billion.

Khaitan & Co Deal Team

• Aashutosh Sampat, Partner

• Tanushree Bhuwalka, Partner

• Abhishek Dadoo, Partner

• Vedika Agarwal

• Bimbita Kateel

• Gaurang Mansinghka

• Sankalp Jain

• Niyati Karia

• Shrey Chhabra

• Vishal Gupta

Practice Area Support

Employment Law

• Deepak Kumar, Partner

• Shabnam S.

Capital Markets

• Vaibhav Mittal, Partner

Intellectual Property

• Shailendra Bhandare, Partner

Data Privacy

• Supratim Chakraborty, Partner

Legal Advisory – Buyer Side

JSA Advocates & Solicitors – Lead Counsel to Coforge Limited

JSA acted as lead counsel to Coforge Limited on its acquisition of Encora, advising across M&A, employment, data protection, finance, and tax aspects of the transaction.

Mergers & Acquisitions Team

• Anand Lakra, Lead Partner

• Niharika Mepani, Partner

• Ami Shah, Principal Associate

• Jinay Shah, Senior Associate

• Shikha Tripathi, Senior Associate

• Rishabh Sharma, Associate

• Rahi Barfiwala, Associate

• Viraja Shah, Associate

• Janhavi Jagtap, Associate

Employment Law

• Gerald Manoharan, Partner

• Sonakshi Das, Partner

• Devika Sreekumar, Associate

• Lijin Varughese, Associate

• Shreeya Sucharita, Associate

Data Protection

• Yajas Setlur, Partner

• Moushami Nayak, Associate

Finance

• Pratish Kumar, Partner

• Sumitava Basu, Partner

• Arpita Mittal, Associate

Indirect Tax

• Shareen Gupta, Partner

• Ruchita Modi, Principal Associate

Strategic Significance

The acquisition significantly strengthens Coforge’s global digital engineering capabilities, adding scale and depth across software product development and digital transformation services. For Advent International and Warburg Pincus, the transaction marks a major exit from Encora at a multi-billion-dollar valuation.

Why This Deal Matters

• One of the largest outbound acquisitions by an Indian IT services company

• Reflects continued global consolidation in digital and software engineering services

• Reinforces India-headquartered IT firms as global consolidators

Also Read: Schneider Electric Secures CCI Approval for USD 6.4 Billion Acquisition of Remaining Stake in SEIPL — JSA, AZB & Partners and WongPartnership Advise

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions