M&A Deal Summary

ChrysCapital Acquires Xoriant

On January 5, 2023, private equity firm ChrysCapital acquired information technology company Xoriant

Acquisition Highlights
  • This is ChrysCapital’s 7th transaction in the Information Technology sector.
  • This is ChrysCapital’s 8th transaction in the United States.
  • This is ChrysCapital’s 3rd transaction in California.

M&A Deal Summary
Date 2023-01-05
Target Xoriant
Sector Information Technology
Buyer(s) ChrysCapital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Avendus Capital Pvt. Ltd. (Financial)
Arnold & Porter (Legal)

Target

Xoriant

Sunnyvale, California, United States
Xoriant is a digital product engineering, software development, and technology services firm that delivers innovative solutions, accelerating time to market and ensuring client's competitiveness in industries like BFSI, high tech, healthcare, pharma, industrial manufacturing, retail, telecommunications, and automotive. Across all its technology focus areas – digital product engineering, DevOps, cloud, infrastructure and security, big data and analytics, data engineering, management, and governance, and IoT – every solution the company develops benefits from the product engineering pedigree. Xoriant was formed in 1990 and is based in Sunnyvale, California.

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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 49 of 54
Sector (Information Technology) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 11 of 12
State (California) 3 of 3
Country (United States) 8 of 8
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Curatio Healthcare

Chennai, India

Curatio Healthcare is a pharmaceutical company that is focused on the dermatology and pediatric segments, which are among the most attractive therapy areas within the pharmaceutical industry. Curatio Healthcare was founded in 2005 and is based in Chennai, India.

Sell Rs20.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 HDFC Credila

Mumbai, India

HDFC Credila is an education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies. HDFC Credila was founded in 2006 and is based in Mumbai, India.

Buy Rs10.0B
Mergr

Product

Company

Legal