Gleiss Lutz advises Lantano on selling 21% stake in Nagarro
Gleiss Lutz advised Lantano Management, the investment vehicle of Nagarro’s founding shareholder, as it entered into a share purchase agreement with Persistent Systems, under which Lantano Management agreed to sell its entire approximately 21% stake in Nagarro.
In connection to the agreement, Galaxy Germany Holding, a wholly owned direct subsidiary of Persistent Systems, had announced a voluntary public takeover offer for all outstanding shares in Nagarro at a cash consideration of EUR 81 per share. The offer price values Nagarro at approximately EUR 1 billion.
The companies involved
Nagarro, headquartered in Munich, operates in digital engineering with around 18,500 employees across more than 40 countries, serving the industrial, consumer, TMT and BFSI sectors. The company reported total revenue of EUR 1 billion for calendar year 2025.
Persistent Systems, listed on the MSCI India Index, provides AI-led, platform-driven digital engineering and enterprise modernization services, employing over 27,500 people across 21 countries.
The Gleiss Lutz team
The Gleiss Lutz team included Christian Cascante, partner in Frankfurt and Stuttgart, alongside partners Jochen Tyrolt and Adrian Bingel, all working on corporate/M&A matters. Johannes Hertfelder, partner in competition/antitrust based in Stuttgart, and Jacob von Andreae, partner in foreign trade law based in Düsseldorf, also advised on the deal.
