Investcorp, a renowned global investment company, has recently made public its acquisition of NSE’s technology services business. This strategic move is anticipated to reinforce Investcorp’s digital transformation and cybersecurity services, with a particular focus on capital markets, insurance, and banking. The technology services business of NSE maintains a strong presence in India, North America, and the Middle East, offering a diverse array of digital engineering, data and analytics, artificial intelligence, cloud services, and cybersecurity solutions tailored for global clients.
Gaurav Sharma, the Head of India Investment Business at Investcorp, expressed great enthusiasm regarding the acquisition, emphasizing, “This transaction also underscores our unique capability to leverage our global platform as we anticipate spearheading international business initiatives in close collaboration with our counterparts in the United States and other regions.” The acquisition is viewed as a strategic maneuver to fortify Investcorp’s position in the global market and broaden its service portfolio.
Concurrently, Ashish Kumar Chauhan, MD and CEO of NSE, communicated his perspective on the transaction, emphasizing the company’s dedication to concentrating on its core business areas. He also exhibited confidence in the potential of NSEIT under Investcorp’s guidance, envisioning sustained growth and innovation for the business.
Varun Laul, a Partner at Investcorp, emphasized the advanced digital and cybersecurity capabilities of NSEIT, as well as its specialized focus within the financial services sector, highlighting the company’s potential for global expansion. This acquisition is poised to position NSEIT for further triumph and market expansion under the ownership of Investcorp.
Facilitating the acquisition, Avendus Capital acted as the exclusive financial advisor to NSE and NSEIT, while Ernst & Young LLP provided financial and tax advisory services to Investcorp, with Anagram Partners offering legal counsel to the company.
Investcorp’s venture into the mid-market private equity space in India has been characterized by substantial investments across a range of sectors, including consumer tech, healthcare, financial services, retail, SaaS, e-commerce, and technology. Noteworthy investments in these sectors include Intergrow Brands, Freshtohome, Zolo Stays, InCred Finance, Citykart, Wakefit, InsuranceDekho, NephroPlus, Unilog, and XpressBees.
In summation, Investcorp’s acquisition of NSE’s technology services business positions the company for an amplified global presence and an expanded portfolio of digital and cybersecurity solutions, thereby demonstrating its dedication to propelling innovation and growth within the digital transformation arena.