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New Deal


Announced

Everstone Group and Goldman Sachs Merchant Banking-backed Infostretch to acquire Saggezza.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Single Bidder

consulting services

Domestic

Private Equity

business technology solutions

Pending

Acquisition

United States

Management Consulting

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Synopsis

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Everstone Group and Goldman Sachs Merchant Banking-backed Infostretch, a provider of digital engineering services, agreed to acquire Saggezza, a global technology solutions provider and consulting firm. Financial terms were not disclosed. "Saggezza’s deep expertise in software design and implementation is a perfect complement to our digital engineering and data analytics capabilities. With the addition of their CRM capabilities, we see an opportunity to quickly grow our footprint in our existing client base and leverage those expanded capabilities to win new business. This combination is a positive development for the clients of both companies, which include several Fortune 500 clients," Rutesh Shah, Infostretch CEO.

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