April 24, 2012
martinwolf M&A Advisors Opens Bangalore Office
BANGALORE, India and SAN RAMON, Calif., April 24, 2012 (GLOBE NEWSWIRE) — martinwolf, the world’s leading middle-market IT M&A advisory, announced it has opened an office in Bangalore. The move expands the firm’s India practice and builds on a growing number of transactions completed and in progress with India companies. Gaurav Sharma, who joins the firm as Senior Vice President and head of the India Practice Group, will lead the practice, dividing his time between India and the U.S.
This is Sharma’s second stint at martinwolf having been a member of the team from 2005 to 2010. Sharma moved to Bangalore in 2010 to lead M&A offerings for the Strategy and Transformation practice of IBM Global Business Services, India.
Representative martinwolf transactions include the following:
- Rolta India Ltd acquisition of TUSC
- Saber Corporation’s recapitalization with Accel-KKR
- Hinduja TMT acquisition of Affina (a U.S.-based BPO company)
- Two transactions under agreement in India, a solution services provider and a security services provider
According to Marty Wolf, President & Founder of martinwolf, “The decision to expand our presence in India is driven by increased M&A activity among buyers and sellers in India, as well as between companies in India, the U.S. and other parts of the world. Especially in the IT services space, which is our focus, India has an established core competency that is increasingly appealing to companies outside India seeking growth through acquisition.”
Said Sharma, “This is a critical time for IT companies in India as they integrate into the global marketplace – a process requiring diligence and rigor during the transaction and afterwards when buyers and sellers must develop and execute new strategies for the future. I know from my previous experience that martinwolf casts the widest net for acquisitions, and then through dozens of conversations and modeling with many perspective buyers, gets a clear understanding of which entity can do the most with an asset.”
martinwolf is the world’s leading middle market IT M&A advisory. Since 1997, the firm has completed more than 115 transactions in six countries. Its knowledge and experience with IT outsourcing and managed services combined with its disciplined approach, which includes a proprietary, proven, step-by-step work plan customized for each client, has produced one of the highest transaction completion rates in the industry. The firm has active engagements in six countries and has complete transactions with six Fortune 500 companies. For more information, visit http://www.martinwolf.com.
martinwolf is a member of the Merrill Lynch PS Referral Network and is an exclusive strategic partner to ICICI Bank, India’s leading private bank) for acquiring U.S. IT companies. Member FINRA, SIPC.
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