M&A Deal Summary

ChrysCapital Acquires ProHance

On December 8, 2023, private equity firm ChrysCapital acquired internet software and services company ProHance

Acquisition Highlights
  • This is ChrysCapital’s 2nd transaction in the Internet Software and Services sector.
  • This is ChrysCapital’s 43rd transaction in India.

M&A Deal Summary
Date 2023-12-08
Target ProHance
Sector Internet Software and Services
Buyer(s) ChrysCapital
Deal Type Buyout (LBO, MBO, MBI)

Target

ProHance

Bengaluru, India
ProHance is a new age workplace analytics & operations enablement platform. ProHance enables organizations to drive efficiency while optimizing employee utilization with deep insights on employee and team performance. The SaaS-based modular approach allows an enterprise to effectively measure time and effort contribution with over 200 + customizable reports. With over 350,000 users in over 175 enterprises across 25 countries, ProHance has a proven track record of enabling organizations to achieve operational excellence. ProHance was founded in 2009 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

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 52 of 54
Sector (Internet Software and Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
Country (India) 43 of 45
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-18 GMM Pfaudler

Mumbai , India

GMM Pfaudler is a manufacturer of corrosion-resistant glass-lined equipment used primarily in the chemical, pharmaceutical, and allied industries in India and internationally. GMM Pfaudler was founded in 1962 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 La Renon

Ahmedabad, India

La Renon specialises in formulations for chronic therapeutic segments across nephrology, neurology, gastroenterology, cardio diabetics, critical care, and gynaecology. It has a presence in consumer brands through its oral health products, Dente 91, and protein supplements brand, Whey 91. La Renon was founded in 2007 and is based in Ahmedabad, India.

Buy -
Mergr

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