M&A Deal Summary

Tech Mahindra Acquires Comviva Technologies

On December 13, 2012, Tech Mahindra acquired software company Comviva Technologies from WestBridge Capital Partners

Acquisition Highlights
  • This is Tech Mahindra’s 1st transaction in the Software sector.
  • This is Tech Mahindra’s 3rd transaction in India.

M&A Deal Summary

Date 2012-12-13
Target Comviva Technologies
Sector Software
Buyer(s) Tech Mahindra
Sellers(s) WestBridge Capital Partners
Deal Type Add-on Acquisition

Target

Comviva Technologies

Gurgaon, India
Comviva, a provider of mobile solutions beyond VAS.

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Buyer(S) 1

Buyer

Tech Mahindra

Pune, India

Category Company
Founded 1986
Sector Information Technology
Employees119,911
Revenue 520.0B INR (2024)
DESCRIPTION

Tech Mahindra is an entity which provides information technology services and solutions in India, the Americas, Europe, and internationally. Tech Mahindra was founded in 1986 and is based in Pune, India.


DEAL STATS #
Overall 3 of 16
Sector (Software) 1 of 4
Type (Add-on Acquisition) 2 of 15
Country (India) 3 of 4
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Hutchison Global Services Private Limited

Mumbai, India

Hutchison Global Services (HGS) provides customer lifecycle operations to clients in UK, Ireland and Australia and has an associate base of over 11,500 employees. HGS operates out of Mumbai and Pune and is among the largest captives in the Telecom Domain.

Buy $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Complex IT

São Paulo, Brazil

Complex IT is an IT services company focused on SAP engagements. Complex is based in São Paulo and has offices in Rio de Janeiro and Porto Alegre.

Buy -

Seller(S) 1

SELLER

WestBridge Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


DEAL STATS #
Overall 5 of 11
Sector (Software) 2 of 2
Type (Add-on Acquisition) 5 of 6
Country (India) 2 of 7
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Bajaj Electricals

Mumbai, India

Bajaj Electricals is a household brand in consumer durables market, with a wide range of products across home appliances, fans, lighting and luminaires. Bajaj Electricals was founded in 1938 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Kajaria Ceramics

New Delhi, India

Kajaria Ceramics is a well-known manufacturer of ceramic and vitrified tiles. Kajaria Ceramics was founded in 1985 and is based in New Delhi, India.

Buy -