M&A Deal Summary

eClerx Services Acquires CLX Europe

On March 31, 2015, eClerx Services acquired media company CLX Europe from Progressio SGR for 27M USD

Acquisition Highlights
  • This is eClerx Services’ 1st transaction in the Media sector.
  • This is eClerx Services’ largest (disclosed) transaction.
  • This is eClerx Services’ 1st transaction in Italy.

M&A Deal Summary
Date 2015-03-31
Target CLX Europe
Sector Media
Buyer(s) eClerx Services
Sellers(s) Progressio SGR
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

CLX Europe

Verona, Italy
CLX Europe S.P.A. provides integrated communication and business-to-business multi-media solutions to help clients and agencies create, manage, and deliver their brand messages

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Buyer(S) 1

Buyer

eClerx Services

Mumbai, India
Category Company
Founded 2000
Sector Business Services
Employees11,484
Revenue 29.3B INR (2024)
DESCRIPTION

eClerx Services offers data analysis and data process solutions to the retail, manufacturing and financial services industries. eClerx Services was founded in 2000 and is based in Mumbai, India.

DEAL STATS #
Overall 1 of 3
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Italy) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 TwoFour Consulting

White Plains, New York, United States

TwoFour Consulting is a provider of comprehensive strategy and application development and delivery using its deep domain expertise and technology. TwoFour Consulting enables firms to achieve operational excellence, reduce risk and drive down costs. Its experienced consultants help firms develop and optimize technology strategies and meet stringent regulatory demands. TwoFour Consulting delivers trusted, tailored advice and consultancy to financial services organizations, enabling them to stay ahead of a rapidly evolving global market.

Buy -

Seller(S) 1

SELLER

Progressio SGR

Milan, Italy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 730M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Progressio SGR S.p.A. is an independent private equity firm focuses on acquiring small and mid-sized companies located in Italy. The Firm targets growth potential industrial and services companies. It looks to invest in businesses with revenues of €30 to €150 million. Progressio seeks to acquire majority or minority stakes in portfolio companies. Prospective transaction situation includes MBO, MBIs, and development capital. Progressio was formed in 2005 and is based in Milan.

DEAL STATS #
Overall 3 of 10
Sector (Media) 2 of 2
Type (Add-on Acquisition) 1 of 4
Country (Italy) 3 of 10
Year (2015) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 Industrie Chimiche Forestali

Milano, Italy

Industrie Chimiche Forestali S.p.A. is a producer of fabric for tips and counters as well as adhesives for the footwear and upholstered furniture industries. The company makes industrial adhesives for the flexible packaging and automotive industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-24 Italchimici

Metropolitan City, Italy

Italchimici SpA is a pharmaceutical company. Italchimici’s wide-ranging product portfolio includes, among other brands, Reuflor, Peridon, Perido Natural and Lacdigest in the gastroenterological area and Aircort and Cexidal in the respiratory area.

Buy -
Mergr

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