M&A Deal Summary

Capgemini Acquires CHCS Services

On April 27, 2015, Capgemini acquired insurance company CHCS Services from iGATE

Acquisition Highlights
  • This is Capgemini’s 1st transaction in the Insurance sector.
  • This is Capgemini’s 6th transaction in the United States.
  • This is Capgemini’s 1st transaction in Florida.
Investment Fate
  • CHCS Services was divested to a consortium of buyers in 2022.

M&A Deal Summary

Date 2015-04-27
Target CHCS Services
Sector Insurance
Buyer(s) Capgemini
Sellers(s) iGATE
Deal Type Divestiture

Target

CHCS Services

Pensacola, Florida, United States
CHCS Services is a provider of underwriting, claims management or complete Senior administrative solutions. CHCS Services is based in Pensacola, Florida.

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Buyer(S) 1

Buyer

Capgemini

Paris, France

Category Company
Founded 1967
Sector Information Technology
Employees349,373
Revenue 22.1B EUR (2024)
DESCRIPTION

Capgemini is a provider of consulting, technology, outsourcing services and local professional services. Capgemini Group helps its clients transform in order to improve their performance and competitive positioning. Company offer an array of integrated services that combine top-of-the-range technology with deep sector expertise and a strong command of our four key businesses. Capgemini was founded in 1967 and is based in Paris, France.


DEAL STATS #
Overall 20 of 51
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 2 of 7
State: Florida M&A 1 of 1
Country: United States M&A 6 of 16
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 iGATE

Fremont, California, United States

iGATE Corporation provides offshore-based IT and business process outsourcing services. The company has deep capabilities in chosen sub-verticals, including insurance, banking & financial services, manufacturing & retail, communications, media & entertainment and product engineering services.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Fahrenheit 212

New York, New York, United States

Fahrenheit 212 LLC is an innovation strategy and design firm.

Buy -

Seller(S) 1

SELLER

iGATE

Fremont, California, United States

Category Company
Founded 1986
Sector Information Technology
Employees34,455
Revenue 1.2B USD (2013)
DESCRIPTION

iGATE Corporation provides offshore-based IT and business process outsourcing services. The company has deep capabilities in chosen sub-verticals, including insurance, banking & financial services, manufacturing & retail, communications, media & entertainment and product engineering services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Patni Computer Systems

Cambridge, Massachusetts, United States

Patni is a global provider of strategic IT consulting and implementation services, turnkey projects and on-site technical services. Patni offers a full range of services and solutions covering IT consulting, software development outsourcing, contact center operations and business process outsourcing to customers in the financial services, manufacturing, life sciences, communications, and media & entertainment sectors.

Buy $1.2B