US-based BPO firm SYNNEX Corp to acquire Minacs Ltd

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