DSK Legal assisted and advised Dhruva Advisors LLP (“DA LLP”), Dhruva Advisors India Private Limited (“DAIPL”) and its partners (“Partners”), in connection with a strategic joint venture between Ryan, LLC (“Ryan”) and DAIPL.
Founded in 2014, Dhruva Advisors (earlier DA LLP and now DAIPL), led by Dinesh Kanabar, is one of the largest tax advisory firms in India outside of the Big 4. Dhruva Advisors have operations across India, United Arab Emirates, Kingdom of Saudi Arabia and Singapore.
Ryan, a privately held PE backed Texas based firm founded by G. Brint Ryan, provides an integrated suite of international tax services on a multi-jurisdictional basis, including cost management, compliance, consulting, and technology services.
The Transaction marks Ryan’s entry into the tax consultancy industry in India, and the Transaction is one of the first acquisitions in the tax consultancy industry in India. Dinesh Kanabar, while being chairman of DAIPL will also be appointed as Vice-Chairman of Ryan's advisory board.
DSK Legal’s role encompassed the following:
- Advising on structuring of the Transaction;
- Drafting, reviewing, negotiating, and finalizing the agreements; and
- Advising and assisting on legal matters concerning the Transaction, including with respect to the execution and closing of the transaction documents.
The DSK Legal team which represented the Dhruva Group (including DA LLP, DAIPL and the Partners) comprised of Mr. Mayank Mehta (Partner), Mr. Adwait Munje (Principal Associate) and Ms. Sonali Tiwari (Associate).
Mr. Anand Desai (Managing Partner) and Mr. Hemang Parekh (Partner) provided strategic inputs in relation to the Transaction.