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  6. Sysquest Acquires Prolifics

M&A Deal Summary

Sysquest Acquires Prolifics

On November 17, 2020, Sysquest acquired information technology company Prolifics from Kotak Private Equity Group

Acquisition Highlights
  • This is Sysquest’s 1st transaction in the Information Technology sector.
  • This is Sysquest’s 1st transaction in the United States.
  • This is Sysquest’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-11-17
Target Prolifics
Sector Information Technology
Buyer(s) Sysquest
Sellers(s) Kotak Private Equity Group
Deal Type Add-on Acquisition

Target

Prolifics

Orlando, Florida, United States
Prolifics is a specialised Information Technology (IT) company offering Business and Technology Integration Solutions ("BTIS"), Independent Validation and Verification Services ("IVV") and Application Services. Prolifics was founded in 1978 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Sysquest

Hyderabad, India
Category Company
Sector Information Technology
DESCRIPTION

Sysquest is an information technology company. Sysquest is based in Hyderabad, Telangana.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Kotak Private Equity Group (KPEG) is the private equity investment arm of financial services firm, Kotak Mahindra Group. KPEG looks to invest $20 to $40 million in a variety of mid-sized Indian companies to support expansion, acquisitions, or buyouts KPEG targets businesses with strong management and growth potential operating in fragmented industries. Sectors of interest include life science, retail, media/entertainment, light manufacturing, agriculture, food processing, healthcare, distribution, and IT/software. Kotak is based in Mumbai.

DEAL STATS #
Overall 17 of 18
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 BSV

Thane, India

BSV is a niche biological and biopharmaceutical products manufacturer. BSV's product portfolio is comprised of a wide range of products covering biologicals, equine antitoxins and serums, hormones, anesthetics, antifungals, and cardiovascular formulations. BSV was founded in 1971 and is based in Thane, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-24 Mahindra Aerospace

Karnataka, India

Mahindra Aerospace is a Mahindra & Mahindra group company set up to capitalize on the opportunities in India's aerospace market. The company aims to become a globally recognized Tier-1 aero components player and manufacturer of light utility aircraft. Mahindra Aerospace was founded in 2008 and is based in Karnataka, Bengaluru.

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