On March 28, 2024, the Board of Directors of Latent View Analytics Limited gave the green light for the strategic investment to acquire up to 100% of the total paid-up equity share capital of Decision Point Private Limited, an AI solution provider. LatentView has agreed to acquire up to 100% of the paid-up equity share capital on a fully diluted basis, subject to the fulfilment of certain conditions as may stipulated in the Transaction documents. The acquisition will be completed in the following stages.
The completion of this acquisition is subject to the fulfilment of certain terms and conditions as may be stipulated in the Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) to be entered by the company with Decision Point Private Limited and its selling shareholders.
The whole acquisition will be settled only in cash, whereby the consideration for acquiring 70% of the Paid-up equity share capital of the Decision Point is $39.1 million. The consideration for the remaining 30% will be based on the valuation principles as may be agreed in the Transaction documents. The consideration will be on a cash-free and debt-free basis and subject to working capital adjustments.
The objective behind the acquisition has been listed below:
“We are excited about Decision Point becoming a part of the LatentView Group. Decision Point will continue to be led by the existing management team and will be supported by LatentView’s strong GTM presence in North America and Europe. We see great opportunities for cross-pollination and synergies across the organisations. Our GenAI product, Beagle, has immense potential to enhance the adoption of business analytics across LatentView’s customer base. Additionally, we’re eager to introduce LatentView’s proven marketing and supply chain analytics solutions to our global consumer goods clientele,” said Ravi Shankar, Founder and CEO of Decision Point.
Latent View Analytics Limited (LatentView) is a data analytics company that inspires
and transforms businesses to excel in the digital world by harnessing the power of data.
Decision Point is a global analytics company which offers a wider range of AI-enabled Revenue Growth Management (RGM) solutions for CPG clients.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Mar 28, 2024, 5:06 PM IST
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