Khaitan & Co represented TPG Growth in its $150 million investment in Tessolve, a leading semiconductor engineering services company. Founded in India in 2004, Tessolve was acquired by Hero Electronix in 2016.
Tessolve is a partner to 18 of the world’s top 20 semiconductor firms and employs over 3,500 engineers across offices. Tessolve plans to use the funds to strengthen global delivery centres, expand advanced test labs, and enhance its end-to-end semiconductor engineering capabilities.
The deal was assisted by:
Intellectual Property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate),Toshani Mukherjee (Senior Associate),
Corporate and Commercial: Vivek Narayan (Senior Associate), Insaf Ahamad T K (Associate), Tasneem Husain (Associate), Vidya Shenoy (Associate), Harshit Sawale (Associate)
Employment, Labour & Benefits: Simran Sharma (Senior Associate) and Ajay Kranthi Kothwal (Associate).
The core team consisted of Kartick Maheshwari (Partner), Gautam Suseel (Partner), Hardik Bhatia (Partner), Sweta Rao (Counsel), Shreyas Bapat (Principal Associate) and Rhythm Chopra (Senior Associate).