Osborne Clarke acted for eClerx Services Limited ("eClerx"), listed on the Bombay stock exchange and the National stock exchange, of India in the signature of contracts for the acquisition of 100% of the share capital of CLX Europe S.p.A. (“CLX”) with an enterprise value of € 25 million.

eClerx is a leader in the provision of Knowledge e Business Process Outsourcing (KPO/BPO) services, and is based in Mumbai with offices in Austin, Chandigarh, Dublin, London, New York, Philadelphia, Pune, San Francisco and Singapore

CLX, founded in 1969, is a group leader in the creation, management and delivery of brand messages worldwide to a multi-channel market. Its primary clients include luxury brands, retailer / e-tailers and publisher and it has offices in Italy, Germany, France, Thailand, UK and USA, with approximately 300 employees.

The Osborne Clarke team acting for eClerx was led by partner Umberto Piattelli of the Milan office, with senior associate Stefano Panzini, and also involved Osborne Clarke’s offices in Cologne and London in relation to the respective jurisdictions, as well as Tilleke & Gibbins for the part of the business based in Thailand. Grant Thorton provided tax advice to the purchaser; the financial advisor was Avendus Capital PVT Ltd.

The shareholders of CLX, which include the PE funds Progressio SGR and Opera SGR were assisted by Maurizio Bernardi, partner and Vincenzo Cicoria, associate, of the firm Studio Pirola Pennuto Zei & Associati, as legal advisor and by N+1, as financial advisor.