M&A Deal Summary

TechnoPro Holdings Acquires Robosoft Technologies

On August 10, 2021, TechnoPro Holdings acquired information technology company Robosoft Technologies from Ascent Capital

Acquisition Highlights
  • This is TechnoPro Holdings’ 5th transaction in the Information Technology sector.
  • This is TechnoPro Holdings’ 1st transaction in India.

M&A Deal Summary

Date 2021-08-10
Target Robosoft Technologies
Sector Information Technology
Buyer(s) TechnoPro Holdings
Sellers(s) Ascent Capital
Deal Type Add-on Acquisition
Advisor(s) GCA Corporation (Financial)

Target

Robosoft Technologies

Udupi, India
Robosoft Technologies is a full-service digital experiences agency offering digital advisory, design strategy, UX/UI services, app development & maintenance and expertise in emerging technologies. Robosoft Technologies was founded in 1996 and is based in Udupi, India.

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Buyer(S) 1

Buyer

TechnoPro Holdings

Tokyo, Japan

Category Company
Founded 1995
Sector Staffing
Revenue 219.2B JPY (2024)
DESCRIPTION

TechnoPro Holdings is comprised of five staffing companies, CTEC, CSI, Hitec, N&C and TPE, each specialized in specific industry sectors. As a group, the business employs over 10,000 engineers (mostly employed full-time) and dispatches them to over 1,500 customers. The business is well-diversified across industries and its engineering base covers a wide range of technologies, such as advanced medical research, new materials technology, alternative energy, hybrid vehicle design, embedded software, cloud computing, and construction engineering. TechnoPro Holdings was founded in 1995 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
Country: India M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Techno Live Co.

Hiroshima City, Japan

Techno Live Co. Ltd. is a provider of Technology development support, contract development services, systems development. Techno Live employs nearly 170 engineers in Hiroshima and Tokyo, including numerous engineers with experience in embedded systems, CAE analysis, and other high-potential fields.

Buy -

Seller(S) 1

SELLER

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 392M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: India M&A 10 of 10
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 BigBasket

Bangalore, India

BigBasket is India's first comprehensive online grocery store. The Company's founding team has deep offline and online retail experience having pioneered e-commerce in India with India's first e-commerce site FabMart.com in 1999, and then setting up and running the Fabmall - Trinethra chain of supermarkets (now called "More"). The Company launched operations in Bangalore in December 2011. BigBasket offers a range of merchandise that can rival that of any physical store. The Company also provides a guarantee for on-time delivery, lowest prices, and great quality. BigBasket was formed in 2011 and is based in Bangalore, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Acko

Bangalore, India

Acko is a digital native insurance company. Acko addresses the insurance needs of ‘digitally savvy’ consumers with its customer centric product design, instance based products, customized real time pricing and smooth claim settlement. Acko was founded in 2016 and is based in Bangalore, Karnataka.

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