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Announced

Completed

Baring Private Equity Asia completed the acquisition of Virtusa from Charles River Ventures for $2bn.

Financials

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Transaction Value£1,541m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA16.2x
Share Price Premium27%
One Off Charge-

Tags

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Venture Capital

IT Services: Other

it consulting

software

United States

Acquisition

Single Bidder

Cross Border

Private Equity

Friendly

Majority

Public

Privatisation

Completed

Synopsis

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Baring Private Equity Asia completed the acquisition of Virtusa, a global provider of digital strategy, digital engineering, and IT services and solutions, from Charles River Ventures, a venture capital firm, for $2bn. “Tech enablement is driving the evolution and transformation of the global business environment at an unprecedented pace, creating new opportunities as well as complexities. Virtusa’s global team of talented professionals, deep domain expertise, and digital capabilities provide a unique ability to help enterprises accelerate their most important digital and cloud transformation initiatives. We are excited to partner with Virtusa in the next phase of its evolution,” Jimmy Mahtani, BPEA Managing Director.

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