Monday, November 16, 2009

Deals in M&A

Target - Ind-Barath Power Infra - 18% acquired by Citi, Sequoia Capital for 471 Cr
Target - UBS India Service Centre - 100% acquired by Cognizant Tech Soln for 340 Cr
Target - Godrej Properties - Milestone Real Estate Fund - for 110 Cr

Thursday, November 12, 2009

Valuations

Infosys buys BPO McCamish

McCamish, an Insurance focused BPO with 39 clients had an revenue of $38 million.

Infosys paid $38 million in cash for the deal, valuing the BPO business at 1 time the revenues
There is also an earn out component which will depend on McCamish performance for next two years
Q1)
“Human nature will not flourish, any more than a potato, if it be planted and replanted, for too long a series of generations, in the same worn-out soil. My children have had other birthplaces, and, so far as their fortunes may be within my control, shall strike their roots into _________ _____.”

A1) Unaccustomed Earth ( Jhumpa Lahiri's recent book)