M&A Deal Summary

Genpac Acquires Headstrong

On May 3, 2011, Genpac acquired business services company Headstrong from H&Q Asia Pacific and Welsh Carson Anderson & Stowe for 550M USD

Acquisition Highlights
  • This is Genpac’s 2nd transaction in the Business Services sector.
  • This is Genpac’s largest (disclosed) transaction.
  • This is Genpac’s 4th transaction in the United States.

M&A Deal Summary

Date 2011-05-03
Target Headstrong
Sector Business Services
Buyer(s) Genpac
Sellers(s) H&Q Asia Pacific
Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 550M USD
Advisor(s) Morgan Stanley (Financial)

Target

Headstrong

New York, United States
website
Headstrong Corporation Provides consultancy in financial services, public sector and the service industries

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Buyer(S) 1

Buyer

Genpac

Hamilton, Bermuda

website


Category Company
Founded 1997
Sector Business Services
Employees104,000
Revenue 3.7B USD (2020)
DESCRIPTION

Genpact is a provider of business process outsourcing services. Genpact provides services through a global network of service centers. Genpact was founded in 1997 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 6 of 24
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 6 of 22
Country (United States) 4 of 18
Year (2011) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-12 Akritiv Technologies

Sunnyvale, California, United States

Akritiv Technologies is a SaaS provider offering solutions for managing working capital.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 EmPower Research

New York, New York, United States

EmPower Research is an integrated media and business research company. It helps clients understand stakeholder perceptions and needs, empowering them to service their customers better. EmPower Research uses proprietary methodologies to listen and learn about conversations in the client ecosystem, deriving real insights for active stakeholder engagement. Unlike other listening solution providers, EmPower Research combines its technological prowess with human intelligence.

Buy -

Seller(S) 2

SELLER

H&Q Asia Pacific

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 3.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

H and Q Asia Pacific (H&QAP) is a private equity firm focused on later-stage control investments and earlier-stage venture capital investments across the Pacific Rim. Areas of interest include technology, technology manufacturing, consumer brands, and financial services. The Group was originally formed in 1985 as a division of US investment bank Hambrecht & Quist and is now an independent organization. H&Q Asia Pacific has offices in Palo Alto, California; Hong Kong; Manila; Shanghai; Taipei; and Tokyo.


DEAL STATS #
Overall 13 of 20
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (United States) 4 of 6
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-28 Biosensors Interventional

Singapore, Singapore

Biosensors Interventional is a manufactures of medical devices used in interventional cardiology and critical care procedures. Biosensors Interventional was founded in 2006 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-27 Megastudy

Seoul, South Korea

Megastudy is an online/offline education service provider in Korea. Megastudy was founded in 2000 and is based in Seoul, South Korea.

Buy -
SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 36 of 70
Sector (Business Services) 5 of 8
Type (Add-on Acquisition) 23 of 43
Country (United States) 35 of 67
Year (2011) 1 of 2
Size (of disclosed) 21 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 Oxford Finance

Alexandria, Virginia, United States

Oxford Finance is a lending institution with a long history of providing capital exclusively to life sciences and healthcare services companies throughout the world. We have a valued reputation for fairness and flexibility and have achieved success by building solid relationships with our many clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 CareSpot Express Healthcare

Brentwood, Tennessee, United States

CareSpot Express Healthcare LLC is a provider of walk-in urgent care, worker injury, occupational health and wellness services.

Buy -