IT services provider Wipro has agreed to divest its hosted data centre services business to Ensono, a hybrid IT services provider. The US$405 million deal, which is expected to close in June, will see Wipro transfer eight data centres and more than 900 employees to Ensono.
Wipro and Ensono have also signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s enterprise customers. As part of the agreement, Wipro will make a strategic investment of US$55 million in Ensono’s combined entity.
Khaitan & Co was India counsel to Ensono. The core transaction team comprised partner Rabindra Jhunjhunwala, senior associate Pranay Bagdi, and associates Bidya Mohanty and Kanika Mathew.
Goodwin Procter and Ropes & Gray were also legal advisers to Ensono. The Goodwin team was led by partners Adam Small, James Curley, Milena Tantcheva and David Patton.
The Ropes & Gray team from London was led by private equity partner Phil Sanderson, with assistance from senior attorney Sonal Patel and associates Karla Agulgub and Folake Fani-Kayode.
Hughes Hubbard & Reed and DLA Piper were also advisers to Wipro. Partner Chuck Samuelson led the team at Hughes Hubbard, while the DLA Piper team, which led the European and Singapore aspects of the deal, consisted of partners Anu Balasubramanian and Mathias Shulze Steinen.
Irish firm Mason Hayes & Curran also provided support on the deal.