PRESS RELEASE
28 April 2025

IndusLaw Deal Report | Plenty And Multiples - PeopleStrong

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IndusLaw

Contributor

INDUSLAW is a multi-speciality Indian law firm, advising a wide range of international and domestic clients from Fortune 500 companies to start-ups, and government and regulatory bodies.
Acquisition of a majority stake in PeopleStrong Technologies Private Limited ("PeopleStrong") by a Goldman Sachs entity.
India

Acquisition of a majority stake in PeopleStrong Technologies Private Limited ("PeopleStrong") by a Goldman Sachs entity. This transaction involved a secondary sale of shares from existing shareholders to Goldman Sachs.

Our firm advised the erstwhile controlling shareholders, Plenty Private Equity and Multiples Private Equity and certain other selling shareholders.

PeopleStrong is a leading HR technology company, known for its innovative solutions in the HR space.[1]

INDUSLAW Team:

Transaction: Aakash Dasgupta (Partner), Tushar Gogoi (Principal Associate), Aditya Kumar (Senior Associate), Ravin Abhyankar (Associate), Anshul Bhuwalka (Associate), Ayushi Gupta (Associate) and Khushi Vardhan (Associate).

Kartik Ganapathy (Founding & Senior Partner) provided strategic inputs on certain aspects of this transaction.

Corporate Secretarial: Praveen Hegde (Manager) and Chetna Agarwal (Senior Executive)

Other law firms involved:

  • Cyril Amarchand Mangaldas – Goldman Sachs;
  • Argus Partners – Management of the PeopleStrong Technologies Private Limited;
  • Argus Partners - HDFC Holdings Ltd (now HDFC Bank Limited); and
  • Herbert Smith Freehills – International Legal counsel to Goldman Sachs.

Contributor

INDUSLAW is a multi-speciality Indian law firm, advising a wide range of international and domestic clients from Fortune 500 companies to start-ups, and government and regulatory bodies.

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