Fox Mandal Advises US-based SAAS Firm Sagent in the leasing of its non-US Headquarters in Chennai

Our Real Estate team recently advised Sagent, a mortgage servicing fintech company, in establishing its non-US headquarters in Chennai. The team comprising Partner, Jayaprakash Padmanaban, Practice Head, Aruna Singh, Senior Associate, Kannadasan C and Associate, Vincent P conducted the necessary legal due diligence and advised in leasing the office premises from the real estate developer, DLF Limited.

The Warburg Pincus-backed fintech leader acquired the mortgage servicing fintech team of Mr. Cooper Group Inc. pursuant to their 2022 partnership deal. This Chennai headquarters opened its doors on May 8, 2023, to support the said team since most of its members are based in India. It is said to host more than 120 Sagent team members.

The Chief Technology Officer of Sagent, Uday Devalla who insists on onboarding team members with experience in both, fintech and mortgage servicing, expressed that this move will help attain the company’s “high talent bar”.