M&A Deal Summary

Multiples Alternate Asset Management Acquires QBurst

On February 8, 2025, private equity firm Multiples Alternate Asset Management acquired information technology company QBurst

Acquisition Highlights
  • This is Multiples Alternate Asset Management’s 1st transaction in the Information Technology sector.
  • This is Multiples Alternate Asset Management’s 26th transaction in India.

M&A Deal Summary

Date 2025-02-08
Target QBurst
Sector Information Technology
Buyer(s) Multiples Alternate Asset Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BDA Partners (Financial)

Target

QBurst

Thiruvananthapuram, India
QBurst is a product development and consulting company. QBurst serves a diverse, worldwide clientele across a broad range of industries, offering comprehensive digital solutions. QBurst’s capabilities span a wide spectrum of digital solutions, encompassing cloud enablement, data and AI development, digitalization services (including mobility, CRM, and enterprise solutions), end-to-end product development leveraging microservice architecture, DevOps, and cybersecurity best practices, digital marketing strategies, and SaaS implementations. QBurst was founded in 2004 and is based in Thiruvananthapuram, Kerala.

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Buyer(S) 1

DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.


DEAL STATS #
Overall 28 of 28
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
Country (India) 26 of 26
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Svatantra

Mumbai, India

Svatantra provides affordable financial credit products to women entrepreneurs in rural India. Svatantra was founded in 2012 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 PeopleStrong

Gurgaon, India

PeopleStrong is a multi-process HR outsourcing and HR technology company. PeopleStrong was founded in 2006 and is based in Gurgaon, India.

Sell -