Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

December 09, 2012

Deal Alert: KPO Evalueserve on the block

The promoters of KPO Evalueserve are preparing to sell their majority stake 12 years after founding it. Swiss family office IHAG Holdings, which has a minority stake in the company, is also exiting. UBS and Deutsche Bank are advising the promoters on the selloff. 

Marc Vollenweider, a former McKinsey professional, and Alok Aggarwal, an IBM alumnus, co-founded Evalueserve in 2000. Together with Ashish Gupta, the COO, who has been with the firm since its inception, they hold around 75% in the firm. IHAG holds another 11% and the rest is with employees. In 2011, it posted revenues of around $105 million and an EBIDTA of $20 million. It has a revenue per employee of $40,000, compared with the peer group average of $25,000. The promoters are believed to be expecting a valuation of 12-15 times EBIDTA, or $220-250 million. 

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.