Dhir and Dhir Associates ("Firm") advised Asia Pacific's premier corporate service provider, Acclime, in their acquisition of one of India's leading corporate services consultancy firm, Concept International Business Consulting Private Limited ("CIBC"). The Acclime group has a strong foothold in China, Hong Kong, Malaysia, Cambodia, Vietnam, Indonesia, Australia, Thailand and Singapore and their recent acquisition of CIBC marks their arrival in the burgeoning Indian corporate consultancy sector.
The Firm, as legal advisors to Acclime, worked closely with Debby Davidson, Co-Founder & COO, and Martin Crawford, Founder & CEO, and rendered legal services ranging from conducting legal due diligence of CIBC and drafting and negotiating transaction documents, to advising Acclime on the legal issues pertaining to cross border transactions in this space, particularly in the wake of recent RBI guidelines regulating foreign investments in India.
"It was our pleasure to work alongside the top brass at Acclime under whose leadership the organization has come to occupy a venerable position on the global stage. Over the years, the firm has developed a formidable cross-border M&A practice. We represent and safeguard the interests of a diverse clientele spanning multiple sectors and jurisdictions. Our clients rely on us to provide end-to-end efficient and meaningful solutions to complex commercial and legal issues surrounding the entire investment ecosystem in India. Bringing the transaction to fruition was a rewarding and enriching experience." said Purusharth Singh Partner, Dhir & Dhir Associates who led the transaction with support from Humera Niyazi (Senior Associate) and Nikhil Gupta and Anurag Mawai (Associates).