Morrison Foerster advised Cartica Acquisition Corp (“Cartica”), a special purpose business acquisition company, in connection to its definitive agreement and plan of merger (the “Business Combination Agreement”) with Nidar Infrastructure Limited (“Nidar”), India’s leading data center provider for artificial intelligence and high-performance compute services. The pre-transaction equity value of Nidar implied by the Business Combination terms is approximately $2.75 billion.
The MoFo team advising Cartica was led by Washington D.C. M&A partner David Slotkin, New York M&A partner Joseph Sulzbach, San Diego M&A associate Dustin McKenzie and New York corporate associate Tyler Miller. The capital markets team was led by Washington D.C. partner Justin Salon, together with Washington D.C. corporate associates Paul Aylward II and Olivia Van Dervort.
