Wolosky and Silverman Lead Sale of Ness Technologies
June 10, 2011
Olshan’s client Ness Technologies, Inc., a global provider of information technology solutions and services, announced that the company has entered into a merger agreement under which an affiliate of Citi Venture Capital International (CVCI), a global private equity investment fund, will acquire the company in a transaction with an equity value at approximately $307 million. Business Law Currents, an M&A trade website, also made note of the merger. The Olshan team that worked on this transaction included: Corporate: Steve Wolosky, Kenneth M. Silverman, Kenneth S. Mantel and Patrick J. Curtis; Tax: Nina Krauthamer; Intellectual Property: Mary L. Grieco; Employee Benefits: Barry L. Salkin; and Insurance Coverage: Allen R. Wolff.