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Indian tech giants share secrets of their M&A shopping lists

Clearwater

MEDIA INFORMATION - press enquiries to Sam Dabbs 07711 672893

Indian technology companies are on the acquisition trail – and looking for British IT businesses to help them gain a foothold in Europe, according to advisers Clearwater Corporate Finance.

A delegation from Clearwater has arrived in India to meet some of the country’s leading tech businesses and assess their requirements.

The expedition has been organised by IMAP, the international partnership of M&A advisers of which Clearwater is a member. It follows the £441m bid for British IT services business Axon by the Indian company HCL Technologies which topped the £407m rival bid from Infosys, another Indian company and one of the world’s biggest outsourcing companies.

The Clearwater team, which landed in Bangalore on Monday, will also visit Mumbai during the week-long trip and hold discussions with Infosys, Wipro, TCS, Mindtree and Patni amongst others.

Clearwater’s technology analyst Emma Leathley says: “Over the past couple of years we have heard repeated assertions that Indian technology businesses were on their way over to the UK but the mass landing has so far failed to materialise. We have seen big acquisitions in pharmaceuticals, automotive and steel but not in the technology sector.

“All that is about to change. Prices have returned to more realistic levels and Indian companies are keen to take advantage of this to acquire British IT firms that can expand in the European market in line with their long-term growth plans. The HCL Technologies deal could be the first of many.”

Emma will be revealing some of the team’s findings in her technology blog.
See http://clearwater-extranet/blogs/techblog/default.aspx

ENDS

Clearwater Corporate Finance is the leading independent corporate finance house in the UK with an exceptional track record of over 300 completed transactions. We advise on all aspects of corporate finance transactions from mergers and acquisitions (M&As) and company sales to management buy-outs (MBOs). Our clients include management teams, owner-managers, private equity firms and large corporates. We differentiate our service through our:

Independence – as we are not linked to any larger financial institution or consulting firm, we can provide objective advice without any potential conflict of interest.

Cross-border capability - the close communication between our four UK offices and the 60 member firms in IMAP, our exclusive partnership of international M&A firms, makes us a natural choice for cross-border transactions.

Sector expertise - our global sector teams offer clients a unique insight into M&A opportunities across the world.

Research and origination - with 25 per cent of staff focussed on these activities, we offer a market-leading capability to identify strategic opportunities for clients.

Excellence - we are committed to excellence in our service delivery and each client project is managed in a bespoke manner.

Commitment - as an owner-managed, partner-led firm, we guarantee a high level of partner involvement. We take a long-term view to build trust and lasting relationships.

The size of our team and the deals we advise on make us the most active independent corporate finance house in the markets in which we operate.

Press enquiries to:

Sam Dabbs
Dabbs PR & Marketing
T: 01939 210503 or 07711 672893
E: sam@dabbsprm.com