DLA Piper has advised Wipro Limited, a leading global IT consulting and business process services company, on its entering into a definitive agreement to divest its hosted data centre services business to Ensono for US$405 million.
This divestment, which is expected to close in the quarter ending June 2018 following the completion of customary closing conditions and regulatory approvals, allows Wipro to unlock value by transitioning eight data centres and over 900 employees of its hosted data centre services business to Ensono.
DLA Piper was international counsel, leading the European and Singapore aspects of the transaction. The DLA Piper team was led by Corporate partners Anu Balasubramanian (London) and Mathias Schulze Steine (Frankfurt), supported by senior associate Simon Wright (Birmingham). Irish firm Mason Hayes & Curran also provided support on the transaction.
Anu Balasubramanian said: "We are delighted to have assisted a global client such as Wipro on this strategic disposal, which showcased DLA Piper's international capabilities."