Deal Corner
May 22, 2024
NDA Represents SVB Financial Group in Sale of Its India Business to First Citizens Bank

DEAL BRIEF

The SVB Financial Group sold 100% stakes in SVB Global Services India LLP (“SVB India”), to the First Citizens Bank Group (“Buyers”). SVB India provided technical support and IT services to global operations of SVB Financial Group. With this transaction, SVB India was fully acquired by the Buyers (“Transaction”). This Transaction was a part of the larger global bankruptcy restructuring of SVB Financial Group initiated in 2023.

OUR ROLE

We at Nishith Desai Associates, represented SVB Financial Group in the Transaction from an Indian legal, regulatory and tax perspective. We also helped the client navigate through the Indian regulatory framework to consummate the Transaction. Sullivan & Cromwell LLP assisted the client on the US law aspects of the Transaction.

DEAL TEAM

Huzefa Tavawalla

Chandrashekar K

Vasavi Kaparthi

Ipsita Agarwalla

Rakesh Krishnan

Faiza Khanum

Nipasha Mahanta

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Deal Corner

May 22, 2024

NDA Represents SVB Financial Group in Sale of Its India Business to First Citizens Bank

DEAL BRIEF

The SVB Financial Group sold 100% stakes in SVB Global Services India LLP (“SVB India”), to the First Citizens Bank Group (“Buyers”). SVB India provided technical support and IT services to global operations of SVB Financial Group. With this transaction, SVB India was fully acquired by the Buyers (“Transaction”). This Transaction was a part of the larger global bankruptcy restructuring of SVB Financial Group initiated in 2023.

OUR ROLE

We at Nishith Desai Associates, represented SVB Financial Group in the Transaction from an Indian legal, regulatory and tax perspective. We also helped the client navigate through the Indian regulatory framework to consummate the Transaction. Sullivan & Cromwell LLP assisted the client on the US law aspects of the Transaction.

DEAL TEAM

Huzefa Tavawalla

Chandrashekar K

Vasavi Kaparthi

Ipsita Agarwalla

Rakesh Krishnan

Faiza Khanum

Nipasha Mahanta

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.