Skadden has been representing Nomura Holdings in its agreement with certain subsidiaries of Lehman Brothers to acquire all the share capital of Lehman Brothers Services India, Lehman Brothers Financial Services (India) and Lehman Brothers Structured Finance Services. The purchase price was undisclosed.
The acquired companies, which are based in Powai, India, provide business process outsourcing and operational support services across the Lehman network and have 3,000 employees, including 1,200 IT professionals.
The acquisition is expected to significantly enhance Nomura’s information technology functions and other support operations for its business units, particularly investment banking, capital markets, research and prime services.
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