Add-on Acquisition • Financial Services

Ebix Acquires Weizmann Forex

On January 2, 2019, Ebix acquired financial services company Weizmann Forex for 66M USD

Acquisition Context

This is Ebix’s 5th transaction in the Financial Services sector.
This is Ebix’s 5th largest (disclosed) transaction.
This is Ebix’s 11th transaction in India.

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M&A Deal Summary
Date	January 2, 2019
Target	Weizmann Forex
Sector	Financial Services
Buyer(s)	Ebix
Deal Type	Add-on Acquisition
Deal Value	66M USD

Target Company

Weizmann Forex

Mumbai, India

Weizmann is an Omni-channel exchange that offers a variety of Foreign exchange, outward & inward money remittance, and travel insurance products across the length and breadth of India. Weizmann Forex is the second largest inward remittance provider besides being one of the four largest Foreign exchange & outward remittance providers in India.

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Buyer Overview 1

Buyer

Ebix

Johns Creek, Georgia, United States

Category	Company
Founded	1976
Sector	Internet Software and Services
Employees	10,030
Revenue	1.1B USD (2022)

DESCRIPTION

Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

Deal Context for Buyer	#
Overall	30 of 32
Sector: Financial Services	5 of 5
Type: Add-on Acquisition	24 of 26
Country: India	11 of 13
Year: 2019	1 of 3
Size (of disclosed)	5 of 14

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-10-23	Routier Noida, India Routier is a provider of an online cloud based logistics marketplace for trucking logistics. Routier is based in Noida, India.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-10-23

Routier

Noida, India

Routier is a provider of an online cloud based logistics marketplace for trucking logistics. Routier is based in Noida, India.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-01-14	Lawson Travels & Tours Mumbai, India Lawson Travels & Tours is a provider of B2B clients and international ticketing services. Lawson Travels & Tours was founded in 1991 and is based in Mumbai, India.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-01-14

Lawson Travels & Tours

Mumbai, India

Lawson Travels & Tours is a provider of B2B clients and international ticketing services. Lawson Travels & Tours was founded in 1991 and is based in Mumbai, India.

Buy

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