The Technology M&A and Public M&A teams advised Tata Communications Limited on its definitive agreement to acquire Kaleyra, Inc. (NYSE: KLR), a global omnichannel integrated communication services provider with a set of proprietary platforms, offering targeted personalization through messaging, video, push notifications, e-mail and voice-based services, and chatbots, at a price of $7.25 per share for a total consideration to Kaleyra’s shareholders of approximately $100 million and the assumption of all outstanding debt. Upon completion of the transaction, Kaleyra will become a privately held company.
Tata Communications is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories.
The Goodwin team was led by Joshua Zachariah, James Hutchinson and Jean Lee, and included Dan Espinoza, James Mattus, Andre Amorim, Edward Holzwanger, Romina Weiss, Nicole Brock, James Barri, Andrew Lacy, Simone Waterbury, Brady P. P. Cummins, Sarah Jordan, Jacqueline Klosek, Alex Intile, Annabel Loose, Jacob Osborn, Justin Pierce, Alex Fisher, Saba Rais, Duy Le, Koray Bulut, Roger Cohen, Anne Brendel, JB Schiller, Stephen Charkoudian, James Taylor, Gretchen Scott, Charlotte Brunsdon, Michael Casaburi, Samuel Cramer, Matthew Cote, Sydney Simmons, and Jessica Cheng.
For additional details on the acquisition, please read the press release.