BCP Asia II Topco II Pte. Ltd. entered into a share purchase agreement to acquire 51.67% stake in R Systems International Limited(BSE:532735) from the group of shareholders for INR 1.5 billion on November 16, 2022. The offer price per share is INR 245. In a related transaction, Bcp Asia II Topco II Pte. Ltd., made an offer to acquire remaining 48.33% stake in R Systems International Limited (BSE:532735) for INR 14 billion. The offer price per share is INR 246. As per the SPA, the acquirer will acquire 6,11,29,969 shares of R systems. Upon completion of the tender offer and SPA R systems will be delisted. As of February 13, 2023, the transaction has been approved by Competition Commission of India.

Ian Ho,Lori Lesser,Greg Grogan,and Meredith Jones from Simpson Thacher & Bartlett LLP, Shishir Vayttaden, Gautam Gandotra, Abhishek Sharma, Abhilash Pillai, Ashish Jain, Arun Prabhu, Anirban Mohapatra, Richa Mohanty Rao, Avaantika Kakkar, Kaustav Kundu, Bharat Vasani, from Cyril Amarchand Mangaldas acted as legal advisors, KPMG acted as an accountant to Blackstone. BDA Partners acted as the exclusive financial advisor to the sellers. Anil Kasturi, Niladri Maulik, Siddharth Khanna of AZB & Partners acted as a legal advisor to R Systems International Limited and seller. PWC acted as an accountant to R Systems International.

BCP Asia II Topco II Pte. Ltd. completed the acquisition of 51.67% stake in R Systems International Limited(BSE:532735) from the group of shareholders on May 10, 2023.