Burgeon Law, Agram Legal act on acquisition of stake in SoftTech Engineers by TWO Family Office

Burgeon Law and Agram Legal acted on TWO Family Office Pte. Ltd' acquisition of 23.47% stake in SoftTech Engineers Limited, in two tranches, for ₹30,01,05,000.

Burgeon Law advised TWO Family Office and its Singapore-based group entity Einstein Work on this stake acquisition.

The scope of services rendered by the Burgeon team included comprehensive deal structuring, preparation and drafting of transaction documentation, and legal advisory support throughout the lifecycle of the first tranche of the Transaction. For the second tranche, the team structured the deal via preferential allotment, provided active participation and in-depth counsel on regulatory matters, compliance with exchange control laws, adherence to the Securities and Exchange Board of India (SEBI) regulations, and general legal advice throughout all phases of the Transaction.

The transaction team consisted of Ketan Mukhija (Senior Partner), Saurabh Arora (Principal Associate) and Marvel Soni (Associate).

Agram Legal Consultants advised SoftTech Engineers on this transaction.

The acquisition was executed through TWO Family Office’s Singapore-based group entity, Einstein Work Pte. Limited, in two tranches:

a) 19.50% in the first tranche through secondary purchase from promoter;

b) 3.97% in the second tranche through primary issuance.

TWO Family Office, headquartered in Singapore, is led by a German tech entrepreneur, the founder of RIB Software, a multi-billion-dollar construction technology company acquired by Schneider Electric in 2021.

SoftTech Engineers is a AEC Software & IT solutions provider for government bodies and construction companies in India, UAE and Africa. The Company is dedicated to innovate reliable and world class software products for the AEC vertical enabling customers to reduce costs, increase efficiency, effective control and improve resource utilization in-terms of people, infrastructure and customer service.

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