M&A Deal Summary

Boyne Capital Acquires Flatworld

On January 24, 2023, private equity firm Boyne Capital acquired business services company Flatworld

Acquisition Highlights
  • This is Boyne Capital’s 3rd transaction in the Business Services sector.
  • This is Boyne Capital’s 1st transaction in India.

M&A Deal Summary

Date 2023-01-24
Target Flatworld
Sector Business Services
Buyer(s) Boyne Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Flatworld

Bangalore, India
Flatworld is a business process outsourcing and automation (BPO/BPA) company providing services to the following industries: banking, financial services, and insurance (BFSI), customer experience, healthcare, software development, IT-enabled services, engineering, and customs brokerage & logistics. Through its subsidiary, Quadratic Insights (“Quadratics”), the company also offers artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) solutions. Flatworld was founded in 2002 and is based in Bangalore, India.

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Buyer(S) 1

Buyer

Boyne Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Boyne Capital is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne Capital was formed in 2006 and is based in Miami, Florida.


DEAL STATS #
Overall 22 of 29
Sector: Business Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 17
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-17 A&A Global Imports

Vernon, California, United States

A&A Global Imports is a provider of packaging materials and ancillary products to the high-growth medical and recreational cannabis industry. A&A Global Imports is based in Vernon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 M Utility

Prague, Oklahoma, United States

M Utility is a family-owned and operated business specializing in water and wastewater pipeline installation, replacement, tunnelling, boring for water, wastewater and stormwater utility customers. M Utility was founded in 1978 and is based in Prague, Oklahoma.

Buy -