Mergers and Acquisitions in BPO World – 2006

 

Acquiree Acquirer / VC Value Date Reason For Acquisition
Spanco Telesystems Intelenet Global Services Rs 100 crore November, 2005 Spanco’s domestic BPO business will be farmed out into a separate listed subsidiary, to be owned 51% by Intelenet Global and 49% by Spanco’s present shareholders. The Anil Ambani Group owns 14.9% of Spanco
b2k Allsec Tech $3m all-cash deal, final consideration will depend on the revenues of the company from Dec 2005-March 2006 Signed in Dec 2005, to be completed by March 2006 Allsec gets a strong foothold into the technical support vertical
Office Tiger RR Donnelley $250m all cash deal Signed in March 2006 Donnelly to cut its own costs by outsourcing printing to OfficeTiger
ICICI OneSource Temasek, ICICI, WestBridge Capital Partners, Metavante Metavante picks 11.5% stake in ICICI OneSource Signed in April 2006 Metavante has relationships with over 8,000 financial institutions, including 91 of the top 100 US banks. Metavante will be the exclusive distributor of I-OneSource’s BPO services in the North American banking and financial services and payments markets.
Secova eServices UltraLink Not Available Signed in April 2006 The merger of the two companies came into being with Trident and Capz  the two major investors of Ultralink being bought over by Bearings Private Equity  the major stake holder of Secova. This merger enables the combined company to leverage technology, global delivery centers and best-in-class processes to deliver an integrated, human resources and benefits administration supply chain at a cost effective price point  regardless of an organizations’ size.
G K Management Services India Ltd Stock Holding Corporation of India (SHCIL) Not Available Signed in May 2006 GKM does back-office operations in the areas of finance, accounting and insurance claim processing. The synergy of GKM and SHCIL services would help ramp up the operations and offer a bouquet of services.
IMG Group EBS Worldwide $6-7m Signed in May 2006 EBS is a marketing services BPO and IMG is in US. EBS hopes to tap the US market better thru IMG
Inductis EXL Service Holdings $20-40m [stock-cum-cash, majority in stock] Signed in July 2006 A strategic acquisition to strengthen EXL’s research and analytical vertical.
Minacs Transworks $125m [share-cum-cash deal for 46.4% acquistion of promoters equity] Signed in June 2006 Canada based Minacs has an annual revenue of $265m. Transworks wil have an combined revenues of $300m
Progeon Infosys Rs 530 crore: Infy acquired 87,50,000 equity shares, 23 per cent of Progen from Citicorp International Finance Corporation July 2006
Armanti Financial Services, LLC Apollo Health $31m August 2006
Indigo Capgemini Capgemini acquired 51% September 2006
Olympus Capital Quatrro $100m September 2006
LiveIt Solutions Inc. Integreon After acquisition of shares from Connect Capital and The View Group it will infuse $20m into Integreon October 2006
Affina Hinduja TMT October 2006
Afinity Express Ayala Corp $25m December 2006
Source: Media Reports

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Mergers and Acquisitions in BPO World in the year201020092008200720062005200420032002




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