M&A Deal Summary

Mphasis Acquires Digital Risk

On December 3, 2012, Mphasis acquired financial services company Digital Risk from Century Equity Partners for 202M USD

Acquisition Highlights
  • This is Mphasis’ 1st transaction in the Financial Services sector.
  • This is Mphasis’ largest (disclosed) transaction.
  • This is Mphasis’ 1st transaction in the United States.
  • This is Mphasis’ 1st transaction in Florida.

M&A Deal Summary
Date 2012-12-03
Target Digital Risk
Sector Financial Services
Buyer(s) Mphasis
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition
Deal Value 202M USD
Advisor(s) Portico Capital Securities LLC (Financial)

Target

Digital Risk

Maitland, Florida, United States
Digital Risk, LLC provides mortgage data analytics and risk mitigation services to global financial institutions. The company’s unique 360° Risk Analytics product offering integrates real-time fraud detection algorithms and predictive modeling with forensic underwriting services to provide its customers with actionable output.

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Buyer(S) 1

Buyer

Mphasis

Bangalore, India
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Florida) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Electronic Data Systems Pvt.

Gurgaon, India

Electronic Data Systems (India) Pvt. Ltd. is a provider of outsourcing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Mphasis - India Domestic BPM Business

India

Sell -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 23
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 13
State (Florida) 1 of 3
Country (United States) 5 of 17
Year (2012) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 BroadStreet Partners

Columbus, Ohio, United States

BroadStreet Partners is an insurance brokerage holding company that invests in select, entrepreneurial, high-performing independent agencies that are seeking support for continued growth and a solution for ownership succession. BroadStreet uses a unique co-ownership model that allows its partners to fully participate in the financial rewards of the value they create. BroadStreet Partners was founded in 2001 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Cathedral Capital

London, United Kingdom

Cathedral Capital Ltd. is a provider of various insurance products in the United Kingdom.

Sell -
Mergr

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