Khaitan & Co Advised RateGain Travel Technologies On Acquisition Of Sorjun Inc. And Acquisition Financing

Khaitan & Co advised RateGain Travel Technologies on acquisition of Sorjun Inc. and acquisition financing

Khaitan & Co, the leading law firm in India, acted as the Indian legal counsel to RateGain Travel Technologies, a global provider of AI-powered SaaS solutions for the hospitality and travel industry, on:

• (a) Its acquisition of Sorjun Inc., a US-based technology company, in an all-cash deal for US$250 million; and
• (b) Raising acquisition financing of US$125 million from HSBC and Citibank.

The Khaitan & Co deal team comprised Sarthak Sarin (Partner, Corporate and Commercial), Dr. Siddharth Srivastava(Partner, Banking and Finance), and Shrey Agarwal (Counsel, Banking and Finance).

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