Japanese IT solutions and services company DTS Corporation has acquired a 44.5% stake in Nelito Systems.
DTS comprises 13 group companies operating in Japan, the US, China, Vietnam and Thailand.
Nelito Systems provides software solutions from a group of sellers including Sunny Nook Software, and Tata Power group companies Nelco and Af-Taab Investment.
Trilegal advised DTS on the transaction structuring and assisted with due diligence, and drafting and negotiating the transaction documents. The team was led by partner Charandeep Kaur supported by counsel Moksha Bhat and associates Adhideb Bhattacharya, Arjun Shiv, Divye Bahadur and Garima Gupta.
TMI Associates acted as Japanese counsel to DTS, led by partner Masaya Hirano and adviser Veerasureshkumar Veerappan.
Little & Co partner Roshnek Dhalla advised the Tata group.
IndusLaw acted for Sunny Nook, advising on the transaction structure and assisting with negotiation and review of the transaction documents. The team comprised partner Nishant Singh, senior associate Mini Kapoor and associate Sonu Varghese.