Cyril Amarchand Mangaldas Advised PTC Inc. On Sale of Kepware And ThingWorx Businesses

Cyril Amarchand Mangaldas advised PTC Inc. on the sale of Kepware & ThingWorx businesses to TPG.

Update: 2025-12-19 10:15 GMT

Cyril Amarchand Mangaldas Advised PTC Inc. on Sale of Kepware and ThingWorx Businesses

The leading law firm in india, Cyril Amarchand Mangaldas is acting as Indian legal counsel to PTC Inc. on the proposed sale of its Kepware industrial connectivity business and ThingWorx internet of things (IoT) business to TPG, a leading global alternative asset management firm.

The CAM transaction team was led by Anshu Choudhary (Partner), with support from Aman Deep Borthakur (Senior Associate) and Jyotiranjan Mallick (Associate). Anchal Dhir (Partner) provided strategic inputs and guidance on the transaction.

The CAM employment law aspects were advised by Abe Abraham (Partner), supported by Luv Saggi (Principal Associate), Nilavan S (Associate), and Jay Sharma (Associate).

The CAM tax aspects of the transaction were handled by Kunal Savani (Partner), with support from Bipluv Jhingan (Principal Associate), Shivam Garg (Principal Associate), and D R Shashank (Associate).

The CAM RSU-related aspects were advised by Sindhushri Badarinath (Partner), with support from Abhishek Gabriel (Associate) and Rashi Kabra (Associate).

The CAM data privacy aspects were advised by Anirban Mohapatra (Partner), with support from Vaibhavi Gangadhar (Associate).

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