Article Summary

Khaitan & Co. served as Indian legal counsel to RateGain Travel Technologies on its USD 250 million acquisition of US-based Sojern Inc. The transaction included the raising of USD 125 million in acquisition financing from HSBC and Citibank.

Legal Representation Structure

JSA advised Sojern on the transaction. Fenwick served as international counsel for Sojern on the overseas acquisition transaction by RateGain. Irwin Mitchell acted as foreign counsel to RateGain on the financing documentation. Linklaters Singapore advised the lenders on the acquisition financing.

Transaction Overview

The acquisition combined RateGain’s strengths in marketing technology, revenue optimisation, and related capabilities with Sojern’s operations and expertise in the travel sector.

Key Points

• Transaction Value: USD 250 million acquisition price
• Financing Amount: USD 125 million in acquisition financing
• Acquiring Company: RateGain Travel Technologies
• Acquired Company: Sojern Inc. (US-based)
• Financing Lenders: HSBC and Citibank
• Legal Counsel – Indian (to RateGain): Khaitan & Co.
• Legal Counsel – Sojern Advisor: JSA
• Legal Counsel – International (for Sojern): Fenwick
• Legal Counsel – RateGain Financing: Irwin Mitchell
• Legal Counsel – Lenders: Linklaters Singapore
• Strategic Focus Areas: Marketing technology, revenue optimisation

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