M&A Deal Summary

Capgemini Acquires iGATE

On April 27, 2015, Capgemini acquired information technology company iGATE from Apax for 4.0B USD

Acquisition Highlights
  • This is Capgemini’s 11th transaction in the Information Technology sector.
  • This is Capgemini’s largest (disclosed) transaction.
  • This is Capgemini’s 6th transaction in the United States.
  • This is Capgemini’s 3rd transaction in California.

M&A Deal Summary
Date 2015-04-27
Target iGATE
Sector Information Technology
Buyer(s) Capgemini
Sellers(s) Apax
Deal Type Add-on Acquisition
Deal Value 4.0B USD

Target

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.

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Buyer(S) 1

Buyer

Capgemini

Paris, France
Category Company
Founded 1967
Sector Information Technology
Employees340,443
Revenue 22M EUR (2023)
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 48
Sector (Information Technology) 11 of 26
Type (Add-on Acquisition) 18 of 41
State (California) 3 of 4
Country (United States) 6 of 16
Year (2015) 2 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 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.

Buy -
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

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 103 of 171
Sector (Information Technology) 7 of 17
Type (Add-on Acquisition) 41 of 59
State (California) 10 of 12
Country (United States) 42 of 63
Year (2015) 3 of 9
Size (of disclosed) 5 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 BFF Bank

Milan, Italy

BFF Bank is a provider of factoring and credit management services to companies that hold credit positions towards public administration, in particular, public health local administration entities. The company engages in the management and non-recourse sale of trade receivables due from public administrations and national healthcare systems. It provides financial and management support services to companies operating primarily in the pharmaceutical and biomedical sectors. BFF Bank was founded in 1985 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 DCI

Tampa, Florida, United States

DCI operates a chemical bulk logistics network. DCI was formed in 1984 and is based in Tampa, Florida.

Buy $800M
Mergr

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