Enterprise Technology & Services

Investment Banking

Our integrated global Enterprise Technology and Services (ET&S) team, which is spread across the US, Europe and India, allows us to act locally, while utilizing global relationships and best practices to enrich our solutions.

As a practice, we believe in building our thought leadership in this dynamic technology sector, through our deep and long-term relationships with relevant industry players, extensive transaction flow and regular publication of reports on emerging industry trends as well as on topical areas like cross-border taxation and structuring. With over 100 transactions in the sector, the firm has a global network of buyer and investor relationships in the US, Europe and Asia.

Sub-Sectors in Focus

Our mergers and acquisitions (M&A) advisory and private equity (PE) syndication services are recognized as amongst the best in these chosen sub-sectors.

  • Digital transformation service
  • Software product development for enterprises
  • Cloud enablement
  • Intellectual property led new generation solutions – IaaS, PaaS, SaaS
  • Traditional technology services
  • IT infrastructure management services
  • Vertical specific IT solutions in BFSI and healthcare

Led By

Amit Singh

Executive Director and Co-head, Enterprise Technology and Services, Avendus Capital

Amit  Singh has over 19 years of IT services and investment banking experience and currently co-heads the Enterprise Technology and Services (ET&S) vertical for Avendus’s investment banking business. Amit has concluded more than 45 transactions in the technology and outsourcing space.

At Avendus, he has led and closed some of the most complex transactions in this sector including transactions like the sale of Satyam Computers to Tech Mahindra, the sale of Patni Computers to Apax/iGate combined, and acquisition of Digital Risk on behalf of Mphasis. Amit began his career with Lovelock & Lewes, a member firm of Coopers & Lybrand. His first encounter with the world of mergers and acquisitions (M&A) came within months of his starting his career at Coopers & Lybrand merged with Price Waterhouse to create the biggest of the Big Four accounting firms.

He has also worked with one of the leading new economy IT services company of the 90s, Cambridge Technology Partners, which was later acquired by Novell Inc. Amit then went on to manage M&A at Symphony Services, as one of its earliest employees. He was instrumental in the inorganic growth of the company to a 1000+ employee organization in less than three years.

Amit holds an MBA from Xavier Institute of Management, Bhubaneswar and has earned his Bachelor’s degree in electrical and electronics engineering from Birla Institute of Technology and Science, Pilani.

Deepak Bhandari

Head of Europe, Avendus Capital U.K.

Deepak Bhandari is responsible for the European operations of Avendus and is based in London. He has over 20 years of experience in the financial services industry and has successfully originated and executed mergers and acquisitions (M&A) transactions across Europe, Africa and Asia markets.

Prior to joining Avendus, Deepak was an Advisor to the Group CEO of Axiata Group Bhd. (Malaysia). He has spent the better part of his career as an investment banker, first as a Generalist at UBS (London), where he focused on M&A execution across industries, and subsequently as the Head of TMT coverage for Barclays (India); spending close to five years with each.

Deepak holds an MBA degree from London Business School and is a qualified Chartered Accountant and a Company Secretary.

Puneet Shivam

President, US, and Co-head, Enterprise Technology & Services

Puneet Shivam founded the Avendus US entity along with the founders in 2007 and currently co-heads the Enterprise Technology and Services (ET&S) vertical for Avendus’s investment banking business. He is based in the US. Puneet has over 17 years of experience in financial services and consulting. He has led multiple complex transactions across the US, Europe, and Asia in the past decade. 

Prior to joining Avendus, Puneet was a Board Member and Head of Management Financial Services Consulting at Inductis, a boutique financial and management consulting firm which was successfully sold to EXL Service. He started his career at Morgan Stanley and has also worked at Andersen and Mitchell Madison Group.

Puneet holds an MBA degree from the IIM, Ahmedabad and has earned his Master's degree in engineering management from IIT, Kanpur. He is a frequent speaker on the topics of entrepreneurship and mergers and acquisitions (M&A) and is a guest lecturer at the Columbia Business School. He is licensed in the US by FINRA with Series 7, 24, 63 and 66 licenses. 

Transactions

Jan 2019

Value : Undisclosed

Avendus Capital acts as the financial advisor on the sale of InterGlobe Technologies to AION Capital Partners
Dec 2018

Value : Undisclosed

Avendus Capital advises Mid Europa on its acquisition of intive
Aug 2018

Value : Undisclosed

Avendus Capital advises CitiusTech on a strategic investment in FluidEdge Consulting
Investment Banking
June 2019

Investing in distress – A gold mine or land mine?

We are witnessing a once in a lifetime fire-sale of assets in India and what makes it exciting is that certain strategic assets can be acquired at a deep discount to its replacement value. Assets that have limited operational issues and are only financial distressed can make for a good acquisition.

Read Time: 6 minutes
Investment Banking
January 2019

How India's services sector is a perfect springboard for automation

Voice recognition software monitors quality of interaction between humans and the external world and has the ability to escalate matters and intervene in real time. Gone are the days where supervisors walked the aisles to troubleshoot.

Read Time: 4 minutes
Investment Banking
December 2018

How can the auto-component industry survive the new emission norms challenge?

The Indian automotive industry is quickly gearing up for a major technology transformation owing to escalating environmental issues.

Read Time: 4 minutes
Investment Banking
March 2019

AWS Cloud Services: Adding thunder to cloud computing industry

Technology industry is growing faster than global GDP with tech firms leading the list of most highly-valued companies in financial markets across the world. Cloud computing is one of the secular macroeconomic trends driving this USD 3.8 trillion industry.

Read Time: 4 minutes
Investment Banking
November 2018

The landscape for larger, big-ticket M&A transactions in India

M&A transactions in India crossed USD 100 billion in 2018, the highest in last decade. What are the factors driving the large M&A deals?

Read Time: 7 minutes
Investment Banking
January 2019

Five trends that could fuel M&A activity in India

Let us try to put a perspective on the corporate trends that have evolved in our country spanning three generations of entrepreneurs since independence. In the post-independence era, the first-generation entrepreneurs in India seized the opportunity to build, whichever way they could.

Read Time: 6 minutes
Investment Banking
November 2018

Digital lending – the next frontier for growth

In the financial year 2017-18, for the first time in history, personal loans constituted the highest share of bank loans. In fact, personal loans comprised about 96% of all new bank loans during FY18, with INR 2.34 trillion worth of disbursements in just the first 10 ½ months.

Read Time: 7 minutes
Investment Banking
May 2018

A taste of India’s renewable power: the storage slip between the cup and the lip

The renewable energy sector is poised for epochal changes, both in policy and implementation in the years to come.

Read Time: 4 minutes

Reports

Digital & Technology

Healthcare

Get in touch

Connect with us on tech-outsourcing@avendus.com and we’ll get in touch with you.