M&A Deal Summary

NTT DATA Acquires Intelligroup

On August 2, 2010, NTT DATA acquired information technology company Intelligroup from Peepul Capital and Elevation Capital for 199M USD

Acquisition Highlights
  • This is NTT DATA’s 1st transaction in the Information Technology sector.
  • This is NTT DATA’s 3rd largest (disclosed) transaction.
  • This is NTT DATA’s 1st transaction in the United States.
  • This is NTT DATA’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2010-08-02
Target Intelligroup
Sector Information Technology
Buyer(s) NTT DATA
Sellers(s) Peepul Capital
Elevation Capital
Deal Type Add-on Acquisition
Deal Value 199M USD

Target

Intelligroup

Princeton, New Jersey, United States
Intelligroup Inc. is a enterprise resource planning implementers in the U.S. and provides a wide range of information technology solutions and services, including the development, integration, implementation, hosting and full lifecycle support of e-commerce and enterprise applications to companies of all sizes.

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Buyer(S) 1

Buyer

NTT DATA

Tokyo, Japan
Category Company
Founded 1967
Sector Information Technology
Employees193,513
Revenue 4.37T JPY (2024)
DESCRIPTION

NTT DATA is a IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions. NTT DATA was founded in 1967 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 28
Sector (Information Technology) 1 of 18
Type (Add-on Acquisition) 1 of 25
State (New Jersey) 1 of 1
Country (United States) 1 of 16
Year (2010) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Keane International

Boston, Massachusetts, United States

Keane International, Inc. is an IT services firm.

Buy -

Seller(S) 2

SELLER

Peepul Capital

Category Growth Capital Firm
Founded 2000
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peepul Capital is an India-focused private equity firm focused on promising early-stage, expansion-stage and restructuring/buyout opportunities. Peepul looks to invest $15 to $35 million per transaction. The Firm prefers 'asset light', scalable businesses with products and services targeting the Indian consumer. Peepul was formed in 2000 and maintains its investment offices in Chennai and Hyderabad.

DEAL STATS #
Overall 4 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (New Jersey) 1 of 1
Country (United States) 2 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-07 Aqua Designs India

Chennai, India

Aqua Designs India is a total water management engineering company with engineering capabilities to undertake and execute turnkey solutions for water and wastewater management. Aqua Designs India was established in 2002 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 Sresta

Hyderabad, India

Sresta sources, processes and markets a variety of organic food products under the brand name “24 Mantra”, in both domestic and international markets. Its product portfolio includes cereals, pulses, flours, spices and processed products like juices, ready to cook (RTC) products and purees. Sresta was founded in 2004 and is based in Hyderabad, India.

Buy -
SELLER

Elevation Capital

Gurgaon, India

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.

DEAL STATS #
Overall 1 of 6
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-24 JustDial

Mumbai, India

JustDial is India’s dominant local search destination. The company caters to over 25 million unique users spread across 240 cities in India. This unique local search service is available on Phone, Web (justdial.com), WAP (wap.justdial.com), and SMS (53999). The company bridges the gap between buyers and sellers by helping buyers find the right providers of products and services while helping sellers improve the efficiency of their marketing channels. JustDial was founded in 1996 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Speciality Restaurants

Mumbai, India

Speciality Restaurants owns and operates restaurant outlets and sweet shops. Speciality Restaurants is the name of a passionate journey of flavors, unraveling authentic cuisines and sharing them with the world. Speciality Restaurants was founded in 1992 and is based in Mumbai, India.

Buy -
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