Olam Group Limited has divested its entire 100% shareholding in Mindsprint Pte. Ltd. to Wipro Networks Pte. Ltd., a subsidiary of Wipro Limited, in a transaction valued at $375 million.
Pursuant to the acquisition, Wipro will also deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach, under an eight-year strategic engagement with a committed annual spend of $100 million.
Mindsprint provides technology, cybersecurity, and digital solutions to clients across the food and agri-business, manufacturing, retail and CPG, and healthcare and life sciences sectors, with over 3,200 employees and a presence across the US, Asia Pacific, and the Middle East.
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Legal Advisory
Trilegal
Trilegal acted as the lead transaction counsel for the Olam Group, advising on the negotiation and finalisation of the Share Purchase Agreement and all ancillary transaction documents. The firm also assisted Olam in awarding the eight-year strategic transformation deal to Wipro.
Transaction Team
- Abhishek Guha, Partner
- Mahesh Wasadikar, Partner
- Pavana Padmakumar, Senior Associate
- Samraddhi Shetty, Senior Associate
K&L Gates
K&L Gates advised the Olam Group on Singaporean and Australian law aspects of the transaction.
Transaction Team
- David Kuo, Partner
- Meraj Noor, Partner
- Ying Chern Tan, Counsel
Baker McKenzie
Baker McKenzie advised Wipro on the acquisition, alongside Wipro’s in-house legal team.
Transaction Team
- Mohammed Almarini, Partner
- Max Nederlof, Senior Associate
Wipro In-House Team
- Nils Vernooji, Associate General Counsel
- Ishani Sen Gupta, Senior Corporate Counsel
AZB & Partners
AZB & Partners advised Wipro on the Indian law aspects of the transaction.
Transaction Team
- Srinath Dasari, Senior Partner
- Bhuvana Veeraragavan, Senior Partner
- Adoksh Shastry, Partner
- Yash Anand, Senior Associate
- Tantu Vardhan, Senior Associate
- Shivani Verma, Associate
- Zahra Vakil, Associate
Tax Advisory
- Aditya Singh Chandel, Partner
- Suhail Bansal, Senior Associate
- Akshat Jain, Associate
Antitrust Advisory
- Bharat V Budholia, Senior Partner
- Vayshnavi Ganesh, Senior Associate
- Arth Doshi, Associate
Strategic Significance
The acquisition of Mindsprint positions Wipro to expand its managed services and technology transformation capabilities, leveraging Mindsprint’s deep sector expertise across agri-business, manufacturing, and healthcare verticals. The accompanying eight-year services agreement further cements the commercial relationship between the two entities, with Wipro set to deploy its AI-powered Wipro Intelligence platform as part of the engagement.
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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.
