M&A Deal Summary

CX Partners Acquires Transaction Solutions International

On April 16, 2013, private equity firm CX Partners acquired information technology company Transaction Solutions International from Vortiv for 22M USD

Acquisition Highlights
  • This is CX Partners’ 2nd transaction in the Information Technology sector.
  • This is CX Partners’ 2nd largest (disclosed) transaction.
  • This is CX Partners’ 5th transaction in India.

M&A Deal Summary
Date 2013-04-16
Target Transaction Solutions International
Sector Information Technology
Buyer(s) CX Partners
Sellers(s) Vortiv
Deal Type Divestiture
Deal Value 22M USD

Target

Transaction Solutions International

New Delhi, India
Transaction Solutions International is a provider of outsourced management services for ATMs and Bill Payment kiosks, covering the entire spectrum from deployment to operations. Transaction Solutions International is based in New Delhi, India.

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Buyer(S) 1

Buyer

CX Partners

New Delhi, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 625M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CX Partners is a private equity firm specializing in middle-market growth capital and special situations investments throughout India. CX Partners was founded 2009 and is based in New Delhi.

DEAL STATS #
Overall 5 of 13
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 2
Country (India) 5 of 12
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-29 Matrix Cellular

New Delhi, India

Matrix Cellular is essentially calling card service which allows its users to keep in touch wherever they are in the world. Matrix services include Indian SIM cards, international SIM cards, and data solutions. Matrix provides international mobile communication services specifically designed for bulk buyers such as mobile rental companies, event organizers, and telecom vendors. Matrix Cellular was founded in 1995 and is based in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 The Minacs Group Pte

Oshawa, Ontario, Canada

The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

Buy $260M

Seller(S) 1

SELLER

Vortiv

Cottesloe, Australia
Category Company
Founded 1992
Sector Internet Software and Services
Revenue 11M AUD (2020)
DESCRIPTION

Vortiv is a provider of cybersecurity and financial payments. Vortiv was founded in 1992 and is based in Cottesloe, Australia.Australia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Cloudten Industries Pty

Sydney, Austria

Cloudten Industries Pty Ltd. is a provider of cloud and technology solutions to enterprise clients across the banking, financial, health, and government sectors. Cloudten Industries is based in Sydney, Australia.

Buy AU$9M
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