DEAL UPDATE

SNG & Partners represented APS Group and its promoters in a landmark acquisition transaction by SIS Ltd., India’s largest business services company. SIS will acquire 51% in APS upfront and the balance 49% over the next three years, making it the largest buyout in India’s private security industry. 

Our team advised APS on all aspects of diligence, structuring, negotiation and execution of the definitive agreements. The acquisition was structured in two tranches: (i) initial 51% stake acquisition at closing, and (ii) deferred acquisition of remaining 49% based on agreed performance-linked milestones, to be completed within three to four years.

The transaction was led by Mr. Aasish Somasi (Associate Partner) and comprised Ms. Ayushi Parnami (Senior Associate), Ms. Aditi Mishra (Associate), Mr. Mohit Goyal (Associate) and Mr. Arjun Khanna (Associate).

Mr. Amit Aggarwal, (Managing Partner - Corporate and Non-Contentious Practice) and Ms. Devyani Dhawan (Of-Counsel) provided strategic inputs during the course of the transaction.

APS Group is a leading Indian private security services provider with a strong nationwide presence in guarding, manpower, and facility solutions. SIS Limited is India’s largest business services company, offering security, cash logistics, and facility management across India and multiple international markets. This phased acquisition combines APS Group’s established expertise in security and facility solutions with SIS’s scale and leadership in business services.

Mr. Aasish Somasi Mr. Amit AggarwalMs. Devyani Dhawan