EIIR Provider Solutions/Capabalities
3Pillar Global has entered into a definitive agreement to receive a strategic growth investment from an affiliate of H.I.G. Capital.
Augury Raises $180M To Become One of the First Industry 4.0 Unicorns. This Series E round was led by Baker Hughes and includes participation from new investor SE Ventures, the corporate venture arm of Schneider Electric, and existing investors Insight Partners, Eclipse Ventures, Qumra Capital, Qualcomm Ventures LLC, the HSB Fund of Munich Re Ventures and Lerer Hippeau.
DMI has received a strategic investment from an affiliate of OceanSound Partners, a New York based private equity firm.
Advent is acquiring Encora Inc. for $1.5 billion from Warburg Pincus LLC Pincus. It has about 5500 professionals and is expected to clock $300-$325 million in revenues and around $60-$70 million in EBITDA in FY22. A good exit for Warburg which bought this company (Indecomm Digital which was later branded to Encora) in 2019 for $200 Million.
Kedaara Capital Acquires a Majority Stake in GS Lab, a digital product engineering service provider
Tessolve raises $40 million from Singapore-based PE firm Novo Tellus
Apax Partners has agreed to acquire 100% of Infogain from its existing shareholders including ChrysCapital. According to newsreports deal value is between $800 to 900 million.
I Squared Capital has acquired Singapore-based specialists InfoFabrica and Cloud Kinetics combining expertise to create a service provider serving Southeast Asia and India markets.Trend: Emergence of regional cloud migration service providers with PE led consolidation.
NEC and Vista Equity Partners establish a joint venture and strategic partnership to aid digital transformation of businesses in Japan.
The European Investment Bank (EIB) is providing TTTech Auto with 30 million of funding for further growth.
EIIR Buyer GIC/R&D Best Practices/Solutions
Blue Prism, is sold to Vista Equity Partners for $1.5 billion. Vista will combine this with Tibco
Magnachip, spun off from South Koreas SK hynix has been sold to a Chinese private equity fund for $1.4 billion. Magnachip designs and produces display driver ICs for organic light-emitting diode panels and some automotive chips, including power management ICs. The company raised $570 million in sales.
Morgan Stanley to Buy Eaton Vance for $7 Billion.