Global law firm K&L Gates has advised Olam Holdings Pte. Ltd., a wholly owned subsidiary of Singapore-listed Olam Group, on the sale of Mindsprint Pte. Ltd. and its subsidiaries to Wipro Networks Pte. Limited at an enterprise value of US$375 million. The sale is expected to close at the end of June 2026, subject to regulatory approvals and closing conditions.
As part of the broader transaction, the Olam Group has also awarded an eight-year services contract to Wipro Limited, drawing on their industry expertise to advance the Olam Group's transformation across its 'farm to fork' value chain by deploying industry-specific solutions aligned with its business priorities.
The Olam Group is headquartered in Singapore and operates in over 60 countries. It is one of the leading global agri-business and food ingredient majors, ranking among the world's largest suppliers of cocoa, coffee, cashew, rice, and cotton.
Primarily based in India, Mindsprint provides technology, cybersecurity, and digital solutions. It serves multiple clients across the food and agri-business, manufacturing, retail, consumer packaged goods, healthcare, and life-sciences verticals, including large enterprise accounts across the United States, Asia-Pacific, and the Middle East.
Wipro Networks is a wholly owned subsidiary of Wipro Limited, a New York and Bangalore-listed AI-powered technology services and consulting company.
K&L Gates co-led the transaction with India law firm Trilegal. The Singapore deal team was led by Corporate partners David Kuo and Meraj Noor, with support from counsel Ying Chern Tan and senior associate Esther Neo. Australian legal advice was provided by Sydney partners Ayman Guirguis (Antitrust and Competition), Cameron Abbott (Technology Outsourcing), and Dan Atkin (Corporate).
Kuo stated: "We were honored to assist Olam on the sale of Mindsprint. This marks a further step in the group's broader business simplification and portfolio optimization, as it progresses with the planned separation and carve-out of its operating businesses."
K&L Gates' Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.
* All Singapore lawyers are members of K&L Gates Straits Law LLC, the Singapore office of global law firm K&L Gates.