Investment Summary

Peepul Capital and Elevation Capital Invest In Intelligroup

On May 1, 2002, growth capital firm Peepul Capital and venture capital firm Elevation Capital invested in information technology company Intelligroup

Investment Highlights
  • This is Peepul Capital’s 2nd and Elevation Capital’s 1st transaction in the Information Technology sector.
  • This is Peepul Capital’s 2nd and Elevation Capital’s 1st transaction in the United States.
  • This is Peepul Capital’s 1st and Elevation Capital’s 1st transaction in New Jersey.
Investment Fate
  • Intelligroup was sold to a publicly-traded strategic buyer in 2010 for 199M USD.

Investment Summary

Date 2002-05-01
Target Intelligroup
Sector Information Technology
Investor(s) Peepul Capital
Elevation Capital
Deal Type PIPE

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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Investor(S) 2

Investor

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 9 of 41
Sector: Information Technology M&A 2 of 3
Type: PIPE M&A Deals 2 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2002 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Unifi Wealth Management Limited

India

Unifi Wealth Management Limited ("Unifi") is a financial services venture primarily focused on providing wealth management solutions to its highly discerning clientele in India and to the Indian diaspora overseas. It also offers financial corporate advisory services in its chosen geographies. Unifi is a fully licensed brokerage in all the key exchanges in India and capitalizes on the rapid economic and capital market growth in India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 iLabs Hyderabad Technology

Hyderabad, India

iLabs Hyderabad Technology Center Pvt Limited ("iHTC") is focused on the infrastructure "play" in India, specifically on being the platform for off-shoring and outsourcing companies in India. iHTC provides world-class facilities and space for global companies across India.

Buy -
Investor

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 17
Sector: Information Technology M&A 1 of 3
Type: PIPE M&A Deals 1 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2002 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Movate

Plano, Texas, United States

Movate is a global technology consulting and support company. Movate delivers on customers' need to transform technology-driven business processes. Movate’s mission is to have “100% reference-able customers”, and delivers services across technology support, remote infrastructure management, virtualization, and mobility from 13 locations globally. Movate was founded in 1996 and is based in Plano, Texas.

Buy $23M