ACQUIRER Synnex	ACQUIRER COMPANY TYPE Listed
INDUSTRY (ACQUIRER) IT & ITES
CITY (ACQUIRER) Fremont, CA	COUNTRY (ACQUIRER) USA

 

COMPANY Minacs BPO	COMPANY TYPE Unlisted
INDUSTRY IT & ITES	SECTOR BPO
CITY (TARGET) Bangalore	COUNTRY (TARGET) India

 

 

CX Partners and Capital Square Partners have exited their investment in business process outsourcing (BPO) firm Minacs Ltd via sale to US-based BPO firm SYNNEX Corp. for USD 420million. SYNNEX, a Fortune 500 corporation, will integrate Minacs into its wholly-owned subsidiary Concentrix. Anil Bhalla, chief executive officer of Minacs, will stay with the combined company and join Concentrix's senior executive staff. Investment bank Rothschild Inc. has advised the PE firms on the sale.

 

EV Calculation:

Equity Valuati 2819 Cr

Debt (FY16) = Nil

Cash and Bank Balances (FY16) = INR 25.18 Cr

EV = INR 2793.82 Cr

 

Source:http://www.livemint.com/Companies/dzX8NgGjrTCXNb7IDkaj3O/CX-Partners-Capital-Square-sell-BPO-firm-Minacs-to-USbased.html