Investment Summary

Garnett & Helfrich Capital Exits Actian

On April 12, 2018, HCL Technologies invested in internet software and services company Actian from Garnett & Helfrich Capital

Investment Highlights
  • This is HCL Technologies’ 2nd transaction in the Internet Software and Services sector.
  • This is HCL Technologies’ 9th transaction in the United States.
  • This is HCL Technologies’ 2nd transaction in California.

Investment Summary

Date 2018-04-12
Target Actian
Sector Internet Software and Services
Investor(s) HCL Technologies
Sellers(s) Garnett & Helfrich Capital
Deal Type Add-on Acquisition

Target

Actian

Santa Clara, California, United States
Actian is a hybrid data management, cloud integration, and analytics solutions–powers insight-driven enterprises around the globe to help them solve the toughest data challenges. Actian was founded in 1980 and is based in Santa Clara, California.

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Investor(S) 1

Investor

HCL Technologies

Noida, India

Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.17T INR (2025)
DESCRIPTION

HCL Technologies is an IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, Uttar Pradesh.


DEAL STATS #
Overall 14 of 23
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 18
State: California M&A 2 of 2
Country: United States M&A 9 of 11
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 C3i Solutions

Horsham, Pennsylvania, United States

C3i Solutions is multi-channel customer engagement services provider, specializing in global, high-touch consumer, patient, and end-user management. C3i Solutions is based in Horsham, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Educational Initiatives

Bangalore, India

Educational Initiatives is a provider of assessments and adaptive learning solutions company that strongly believes in making a difference in education through personalized learning and ensuring that students learn with understanding. Educational Initiatives was founded in 2001 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Garnett & Helfrich Capital

San Mateo, California, United States

Category Venture Capital Firm
Founded 2004
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Garnett & Helfrich Capital is a private equity firm that invests in mid-sized technology spinouts. The firm specializes in spinning out businesses from large global technology companies and growing them as specialized standalone businesses. Garnett & Helfrich Capital seeks to invest in the sectors of enterprise software, communications and networking, semiconductors, data processing, and internet content/infrastructure segments in the technology industry. The firm looks for acquisition opportunities in which the business has ongoing annual revenues between $40 million to $200 million. Potential businesses may or may not be profitable or cash flow positive. Moreover, businesses may be in need of new technology and products to expand the existing offering, and may be broken and orphaned within the parent organization. Garnett and Helfrich Capital was formed in 2004, and has offices in San Mateo, California and Portsmouth, New Hampshire.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 4 of 4
Country: United States M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 MTI Technology

Godalming, United Kingdom

MTI Technology is a provider of IT storage infrastructure and security solutions to national and global enterprises. MTI Technology was established in 1987 and is headquartered in Godalming, United Kingdom.

Sell -