Sequoia exits Pangea3 via sale to Thomson Reuters
Sequoia Capital India has confirmed the sale of its portfolio company Pangea3, a leading legal process outsourcing business, to Thomson Reuters, for an undisclosed amount.
According to Sequoia, the deal was an early-stage investment led by Sumir Chadha and Shailendra Singh, both MDs at the firm. Pangea3 focuses on areas including litigation support and document review; patent and contract drafting; corporate governance and corporate secretarial work; and competitive intelligence and patent litigation. Thomson Reuters described Pangea3 as the world standard in the LBO marketplace.
Sequoia originally invested in Pangea3 in 2007, in a Series C round of $7 million. Chadha served on the Pangea3 board post-investment. Media reports instanced a possible $100 million value on the exit.
Further reading
More on South Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.