M&A Deal Summary

Apax Acquires Infogain

On June 11, 2021, private equity firm Apax acquired information technology company Infogain from ChrysCapital

Acquisition Highlights
  • This is Apax’s 28th transaction in the Information Technology sector.
  • This is Apax’s 93rd transaction in the United States.
  • This is Apax’s 21st transaction in California.

M&A Deal Summary

Date 2021-06-11
Target Infogain
Sector Information Technology
Buyer(s) Apax
Sellers(s) ChrysCapital
Deal Type Secondary Buyout
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Infogain

Los Gatos, California, United States
Infogain is a provider of front-end, customer-facing technologies, processes, and applications in the USA, Europe, the Middle East, Asia Pacific, and India. The Company offers solutions for the high-tech, retail, and insurance verticals in areas such as software product engineering, service automation, and mobility. Infogain was founded in 1990 and is based in Los Gatos, California.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 236 of 263
Sector (Information Technology) 28 of 30
Type (Secondary Buyout) 54 of 66
State (California) 21 of 22
Country (United States) 93 of 105
Year (2021) 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Business Integration Partners

Milano, Italy

Business Integration Partners delivers management consulting, business integration, and IT/digital transformation services supporting international companies in the research and adoption of disruptive technological innovation. The company is present in more than 11 countries with over 1,800 professionals. Business Integration Partners was formed in 2003 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Zensar

Pune, India

Zensar is a digital solutions and technology services company focusing on enterprise digital transformation. The company has offerings across the digital value chain, with a proven track record of innovation delivered through its ‘Return on Digital NeXT (RoDNeXT)’ framework. Zensar was formed in 1963 and is based in Pune, India.

Sell -

Seller(S) 1

SELLER

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 27 of 32
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 6 of 7
State (California) 1 of 2
Country (United States) 3 of 4
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Aragen Life Sciences

Hyderabad, India

Aragen Life Sciences is a provider of outsourced discovery, development, and manufacturing services across both large and small molecule platforms. Aragen Life Sciences was founded in 2001 and is based in Hyderabad, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Hindustan Media Ventures

New Delhi, India

Hindustan Media Ventures is a publisher of ‘Hindustan’, a Hindi newspaper daily based on total readership. The newspaper has a strong readership base in Bihar, Jharkhand, and Uttar Pradesh. Hindustan Media Ventures was founded in 1918 and is based in New Delhi, India.

Sell -