M&A Deal Summary

Electronic Data Systems Acquires Mphasis

On June 1, 2006, Electronic Data Systems acquired information technology company Mphasis from Baring Private Equity Partners India

Acquisition Highlights
  • This is Electronic Data Systems’ 3rd transaction in the Information Technology sector.
  • This is Electronic Data Systems’ 1st transaction in India.

M&A Deal Summary
Date 2006-06-01
Target Mphasis
Sector Information Technology
Buyer(s) Electronic Data Systems
Sellers(s) Baring Private Equity Partners India
Deal Type Add-on Acquisition

Target

Mphasis

Bangalore, India
Mphasis Ltd. is an IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise.

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Buyer(S) 1

Buyer

Electronic Data Systems

Plano, Texas, United States
Category Company
Founded 1962
Sector Information Technology
DESCRIPTION

Electronic Data Systems Corp. is a multinational information technology equipment and services company.

DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 3 of 5
Type (Add-on Acquisition) 4 of 7
Country (India) 1 of 1
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 ExcellerateHRO World Services

Plano, Texas, United States

ExcellerateHRO, LLP (EHRO), a global benefits administration and relocation services provider. EHRO’s client list includes a broad selection of FORTUNE 500 clients and growing mid-market customers, who are served by more than 1,800 human resources specialists.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-21 Global Enterprise Management Solutions

Reston, Vermont, United States

Global Enterprise Management Solutions, Inc. is a SAP value-added partner serving clients primarily in the IT services, assembly/manufacturing, logistics and transportation industries. GEMS offers IT solution development, implementation consulting and solution reselling services for clients looking to deploy SAP.

Buy -

Seller(S) 1

SELLER

Baring Private Equity Partners India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Partners India (BPEP India) is an India-focused private equity firm. The Group targets mid-market transactions and looks for companies with excellent management, recognized brands, strong distribution, and sustainable growth/cash-flows. Sectors of interest include information technology, life science, banking, financial services, insurance, energy, infrastructure, and consumer goods. The Firm will consider both control and minority investment positions. BPEP India was originally part of the Baring Private Equity Partners Group and became independent from the group and parent ING in 2004. BPEP India is based in Gurgaon.

DEAL STATS #
Overall 2 of 6
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (India) 2 of 5
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-02 Mphasis

Bangalore, India

Mphasis Ltd. is an IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise.

Buy Rs130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-19 Secova

Budd Lake, New Jersey, United States

Secova offers outsourced employee benefits administration services by analyzing and consulting its clients on their use of healthcare networks, health plan performance, and online enrollment services. Secova was founded in 1989 and is based in Budd Lake, New Jersey.

Buy -
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