M&A Deal Summary

CX Partners and Capital Square Partners Acquire The Minacs Group Pte

On January 30, 2014, private equity firms CX Partners and Capital Square Partners acquired business services company The Minacs Group Pte from TransWorks Information Services for 260M USD

Acquisition Highlights
  • This is CX Partners’ 1st and Capital Square Partners’ 1st transaction in the Business Services sector.
  • This is CX Partners’ and Capital Square Partners’ 3rd largest (disclosed) transaction.
  • This is CX Partners’ 1st and Capital Square Partners’ 1st transaction in Canada.
  • This is CX Partners’ 1st and Capital Square Partners’ 1st transaction in Ontario.
Investment Fate
  • The Minacs Group Pte was sold to a publicly-traded strategic buyer in 2016 for 420M USD.

M&A Deal Summary

Date 2014-01-30
Target The Minacs Group Pte
Sector Business Services
Buyer(s) CX Partners
Capital Square Partners
Sellers(s) TransWorks Information Services
Deal Type Divestiture
Deal Value 260M USD

Target

The Minacs Group Pte

Oshawa, Ontario, Canada
website
The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

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Buyer(S) 2

Buyer

CX Partners

New Delhi, India

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 625M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CX Partners is a private equity firm specializing in middle-market growth capital and special situations investments throughout India. CX Partners was founded 2009 and is based in New Delhi.


DEAL STATS #
Overall 6 of 11
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Transaction Solutions International Pvt

New Delhi, India

Transaction Solutions International (India) Pvt Ltd. (TSI) is a provider of outsourced management services for ATMs and Bill Payment kiosks, covering the entire spectrum from deployment to operations. TSI manages over 13,000 ATMs for its customers.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Ujjivan

Bengaluru, India

Ujjivan is the holding company of Ujjivan Small Finance Bank, which is focused on providing loan and savings products to the unserved and underserved population. Ujjivan serves over 3.5 million customers through its network of pan India branch network. Ujjivan was Incorporated in 2004 and is headquartered in Bengaluru, India.

Buy -
DESCRIPTION

Capital Square Partners is a private equity investment firm focused on the telecommunications, media & technology (TMT), healthcare, consumer, and business services sectors. The Firm targets opportunities throughout Southeast Asia and India and generally looks for businesses with cross border operations. Capital Square Partners was established in 2013 and is headquartered in Singapore.


DEAL STATS #
Overall 2 of 9
Sector (Business Services) 1 of 3
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-26 Movate

Plano, Texas, United States

Movate is a global technology consulting and support company. With more than 140 clients and 5500 professionals, Movate delivers on customers' need to transform technology-driven business processes. Movate’s mission is to have “100% reference-able customers”, and delivers services across technology support, remote infrastructure management, virtualization, and mobility from 13 locations globally. Movate was founded in 1996 and is based in Plano, Texas.

Buy $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 The Minacs Group Pte

Oshawa, Ontario, Canada

The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

Sell $420M

Seller(S) 1

SELLER

TransWorks Information Services

Hyderabad, India

website


Category Company
Sector Business Services
Employees4,200
DESCRIPTION

TransWorks Information Services Ltd. is a BPOs delivering superior outsourced solutions to Global 1000 financial services, technology, retail and e-services companies through its unique blend of specialised knowledge and process expertise.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-19 The Minacs Group Pte

Oshawa, Ontario, Canada

The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

Buy -