Mobile and Internet penetration in India is increasing at a rapid clip across the urban and rural populace. This is likely to spur demand for services accessed and delivered over digital medium. That combined with robust growth of the Indian economy will result in significant value over the next decade (and beyond) being driven by Innovation. Avendus Capital's Digital Media & Technology vertical focuses on businesses that leverage technology to facilitate a step change to how consumers and enterprises engage within their ecosystems. Avendus
The firm's extensive experience in the sector and global network enables it to offer services across the entire spectrum of Mergers & Acquisitions, PE syndication, Structured Finance and Equity Capital Market related products. Businesses in the digital media and technology segments also align well with the firm's key strengths which include working with entrepreneur-led businesses, and bringing global connectivity and insights to bear.
The firm's Digital Media and Technology group has in-depth understanding and strong competence across the following sub-sectors:
- Internet Businesses
- Mobile Value Added Services
- Technology & Payment Platforms
- Enterprise Software and Hardware
- Defence Technology
- Communication & Networking Technology
An illustrative selection of transactions successfully concluded by the Digital Media and Technology Group is listed below:
- Private equity syndication of US$ 16 mm for Justdial, a local search and directory services company
- Private equity syndication of US$ 32mm for AGS Transact, a payment processing technology and services company , from TPG Growth
- Sell-side advice to Carwale, an automotive website acquired by Axel Springer AG and India Today Group
- Sell-side advice to Venture Infotek, a payment processing technology and services company, in its sale to Atos Origin
- Buy-side advice to Tejas Networks, a telecom network equipment company, in its acquisition of Ethos Networks, Israel
- Sell-side advice to Travelguru, a leading travel website acquired by Travelocity
- Private equity investment in One97, a leading Mobile Value Added Services (MVAS) company, by Intel Capital and SVB
To know more about the Digital Media & Technology Group, write to dm-tech@avendus.com