The details of the deal are as follows:

Sector: Information Technology, IT and ITES 

Completion Date: 10-Nov-2022 

Name of Client: SP Plus Corporation 

Acquirer Details: SP Plus Corporation |

Seller Details: Divrt Inc. USA

Deal Description: SP Plus Corporation, a NASDAQ-listed corporation providing technology-driven mobility solutions, acquired certain assets (including all intellectual property and a team of technical engineers) from Divrt Inc., a software, cloud and IoT technology company delivering parking management solutions. 

Team Members: The core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner) and Utsav Lohia (Associate) with assistance from the following: Employment aspects: Anshul Prakash (Partner) and Abhinav Rastogi (Counsel) Intellectual Property aspects: Nirupam Lodha (Partner) and Akriti Shashni (Senior Associate) 

Role of Firm The firm assisted and advised SP Plus Corporation, a NASDAQ-listed company providing technology-driven mobility solutions, on the India leg of the global asset acquisition (which included an acquisition of all intellectual property and a team of technical engineers) from Divrt Inc., a software, cloud and IoT technology company delivering parking management solutions. 

Other legal advisors if any with names of Lead Lawyers: Skadden, Arps, Slate, Meagher & Flom LLP acted as the global counsel for SP Plus Corporation and was represented by Shilpi Gupta (Partner), Scott Persinger (Associate) and Justin Levin (Associate).