M&A Deal Summary

EQT Private Capital Asia Acquires Virtusa

On September 10, 2020, private equity firm EQT Private Capital Asia acquired information technology company Virtusa for 2.0B USD

Acquisition Highlights
  • This is EQT Private Capital Asia’s 3rd transaction in the Information Technology sector.
  • This is EQT Private Capital Asia’s 8th largest (disclosed) transaction.
  • This is EQT Private Capital Asia’s 8th transaction in the United States.
  • This is EQT Private Capital Asia’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-09-10
Target Virtusa
Sector Information Technology
Buyer(s) EQT Private Capital Asia
Deal Type Going Private
Deal Value 2.0B USD
Advisor(s) J.P. Morgan Securities
Citi (Financial)
Goodwin Procter (Legal)

Target

Virtusa

Southborough, Massachusetts, United States
Virtusa provides end-to-end information technology (IT) services to companies. Services include IT consulting, application maintenance, development, systems integration, and managed services. Virtusa was founded in 1996 and is based in Southborough, Massachusetts.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 49 of 69
Sector: Information Technology M&A 3 of 6
Type: Going Private M&A Deals 7 of 11
State: Massachusetts M&A 1 of 1
Country: United States M&A 8 of 14
Year: 2020 M&A 3 of 3
Size (of disclosed) 8 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 Wall Street English

Hong Kong, China

Wall Street English is a provider of English language training to adults. Wall Street English was founded in 1972 and is based in Hong Kong, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 Telus Digital

Vancouver, British Columbia, Canada

TETelus Digital is a provider of customer service, IT, and business process services to industry leaders across the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care sectors. Telus Digital was founded in 2005 and is based in Vancouver, British Columbia.

Sell -