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Top M&A Deals
Most Recent M&A Deals in the Indian Outsourcing Sector
Date May 8, 2013 May 29, 2013 Jun 3, 2013 Jun 6, 2013 May 28, 2013 May 17, 2013 Target Company Opera Solutions LLC Gallop Solutions Inc Axeda Corporation Backyard Game FactorRy Pvt Ltd Novel Infosolutions Pvt Ltd Get Cloud Ready Deal Type Minority Stake Purchase Buyer Wipro Ltd Cigniti Technologies Pvt Ltd Wipro Ltd Games2win India Pvt. Ltd Concert Care Healthcare Solutions Aditi Technologies Pvt Ltd Seller N/A Deal Value USD (mn) 30 15 5 Stake % N/A 100.00% N/A

Acquisition
Minority Stake Purchase

N/A
N/A

Acquisition
Acquisition Acquisition

N/A
N/A N/A

N/A
N/A N/A

100.00%
100.00% 100.00%

Possible Outsourcing Sector M&A Activity
? K. Jeya Kumar, former CEO of Patni Computer Systems and Mphasis, has teamed up with Advent Capital in a bid to buy out HP's 60.5% stake in Bangalore-based IT and outsourcing services provider MphasiS. Private equity companies Carlyle Group and Blackstone Group are also seeking Indian partners to bid for HP's stake in the company, the Business Line newspaper reported on June 3, 2013. MphasiS gets nearly half of its revenues from HP.

? If closed, the deal will be the largest in the Indian IT industry after software firm iGate, backed by private equity firm Apax Partners, acquired control of India's Patni Computer Systems for USD 1.2bn in 2011.
? Software services company UST Global is in advanced talks to acquire an analytics firm based either in the U.S. or Europe, the Economic Times newspaper reported in February 2013.

Source: DealWatch
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