Investment Summary

General Atlantic and ChrysCapital Invest In Hexaware

On March 21, 2006, growth capital firm General Atlantic and private equity firm ChrysCapital invested in business services company Hexaware

Investment Highlights
  • This is General Atlantic’s 9th and ChrysCapital’s 4th transaction in the Business Services sector.
  • This is General Atlantic’s 26th and ChrysCapital’s 3rd transaction in the United States.
  • This is General Atlantic’s 1st and ChrysCapital’s 1st transaction in New Jersey.
Investment Fate
  • Hexaware was sold to a consortium of financial buyers in 2013 for 465M USD.
  • Hexaware was sold to a consortium of financial buyers in 2021 for 3.0B USD.

Investment Summary

Date 2006-03-21
Target Hexaware
Sector Business Services
Investor(s) General Atlantic
ChrysCapital
Deal Type Growth Capital

Target

Hexaware

Jersey City, New Jersey, United States
Hexaware is a niche mid-sized IT services vendor with a strong focus in domains such as BFSI, Transportation, Logistics and HR-IT solutions. The Company specializes in enterprise solutions, application management and independent testing. Hexaware was founded in 1990 and is based in Jersey City, New Jersey.

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Investor(S) 2

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 44 of 364
Sector: Business Services M&A 9 of 23
Type: Growth Capital M&A Deals 18 of 139
State: New Jersey M&A 1 of 2
Country: United States M&A 26 of 175
Year: 2006 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-20 Claritev

McLean, Virginia, United States

Claritev is a provider of technology-enabled healthcare cost management solutions. Claritev provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. Claritev was founded in 1980 and is based in McLean, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-13 Sharekhan

Mumbai, India

Sharekhan Ltd. is a retail brokerage house in India with an online trading platform.

Buy -
Investor

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 18 of 54
Sector: Business Services M&A 4 of 7
Type: Growth Capital M&A Deals 4 of 12
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 8
Year: 2006 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-21 Redington Gulf FZE

Dubai, United Arab Emirates

Redington Gulf is the largest IT distributor and supply chain solutions provider in the Middle East and Africa, distributing and servicing more than 24 brands of IT and telecom products for global vendors such as HP, Acer, Dell, Samsung, Western Digital, Cisco and Nokia. Founded in 1993, the company provides warehousing, logistics, credit management and warranty / post-warranty product repair services to thousands of local resellers and retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-03 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

Buy -