Oon & Bazul’s Corporate Practice, together with counsels in the United Kingdom, have successfully acted for Grid Dynamics Holdings Inc., a digital-native technology services provider that accelerates growth and bolsters competitive advantage for Fortune 1000 companies, in its acquisition of Tacit Knowledge, a global consultancy focused on digital commerce.
Grid Dynamics has numerous locations in the United States, Central and Eastern Europe. The company delivers omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernisation consultancy and implementation services. It is a leader in digital transformation at the corporate level.
Tacit Knowledge, founded in 2002, is a global provider of digital commerce solutions, serving customers across the United Kingdom, North America, Continental Europe, and Asia. As part of the acquisition, the entire team of more than 180 employees across the United Kingdom, Mexico, Moldova, and the United States, including senior management, will join Grid Dynamics.
Ng Yi Wayn, who is the Partner of Corporate Practice of Oon & Bazul LLP, led the Singapore team in this transaction. Yi Wayn specialises in Mergers, Acquisitions and Divestments (M&A) as well as Venture Capital (VC) financing transactions. She has advised on transactions of various sizes, from seed investments up to deals with transactional values of approximately US$300 million. Across industries, Yi Wayn has represented global and regional clients in TMC (technology, media and communications), education and healthcare.
In 2018, Yi Wayn was named Singapore Business Review’s ‘Singapore’s 20 Most Promising Legal Luminaries Aged 40 And Under’. The accolade was conferred based on Yi Wayn being an influential lawyer aged 40 and under. The 20 lawyers, considered luminaries at the top of their fields, were selected from hundreds of nominees specialising in a gamut of practices ranging from dispute resolution and litigation, mergers and acquisitions, finance, and construction, to intellectual property, copyright, media and family law, and energy. Clients have praised her for her “outstanding communication skills” and responsiveness that were “beyond expectation”. She is also described as one who is “reliable, trustworthy and straight forward”, “honourable and knowledgeable” and “always on top of the game”.