India: Apax Funds to acquire Infogain from ChrysCapital

ChrysCapital managing partner Kunal Shroff. Photo: Abhijit Bhatlekar/ Mint

Apax Funds on Friday said it will acquire Infogain, a digital transformation and software services provider, from ChrysCapital for an undisclosed amount.

The transaction is subject to customary closing conditions and is expected to close in third quarter of 2021.

With this deal, Apax Funds will look to continue and accelerate the Silicon Valley-based Infogain’s journey as a market leading digital transformation partner to its customers.

“Infogain has built a strong platform for growth with an impressive global customer base, and the Apax Funds will support the company’s continued focus on innovation, service excellence and customer impact,” the company in a release said.

Infogain provides human-centered digital platform engineering services to its customers. With a team of 5,000 globally, Infogain serves companies, including Fortune 500 customers, in the travel, healthcare, retail/consumer packaged goods (CPG), insurance, telecom, and tech industries, supporting them in their artificial intelligence, experience design and cloud journey, using advanced software technologies.

Kirkland & Ellis were legal advisors to Apax. Credit Suisse was the financial advisor to Infogain. ChrysCapital’s legal advisor was WSGR.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.