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

Mar 2020

Value : Undisclosed

Avendus advises Accion Labs on its strategic growth investment from TA Associates
Dec 2019

Value : Undisclosed

Avendus Capital advises QBSS on its acquisition by VSS and Trivest
Nov 2019

Value : Undisclosed

Avendus Capital advises BORN Group on its acquisition by Tech Mahindra Ltd.
Investment Banking
September 2020

Staffing for IT services: A perspective

Staffing industry makes a vital contribution to the economy and provides easy access to jobs and career opportunities. Historically, the global staffing industry has outpaced labor market growth and has grown by 5% CAGR between 2010 and 2018.

Read Time: 3 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
February 2020

Investing in Affordable Housing companies: The next big wave

India has only touched the tip of the iceberg when it comes to affordable housing finance. For India to become a USD 5 trillion economy by 2025, ‘Housing for All’ is an important cog in the wheel.

Read Time: 2 minutes
Investment Banking
April 2020

AI and Analytics: Driving the Next Wave of Digital Transformation

Data and analytics are at the heart of digital transformation - the USD 27 billion offshore analytics market is expected to grow at 21.5% CAGR till 2025.

Read Time: 3 minutes
Investment Banking
July 2020

The Economics of Electric Vehicles in India

EVs are expensive than ICE vehicles. But their high capex cost is offset by their significantly lower opex cost. Thus, Total Cost of Ownership (TCO) is an important element of EV purchase decision. Do EVs make economic sense in India at present time?

Read Time: 5 minutes
Investment Banking
July 2019

The value in venture capital

India is going through one of its strongest funding cycles where founders are looking for more than just capital.

Read Time: 6 minutes
Investment Banking
January 2020

Developments in China aiding Indian Specialty Chemicals Industry

One of the most prominent trends in the global specialty chemicals industry over the last two decades has been the emergence of China as a key supplier in the specialty chemicals space.

Read Time: 6 minutes
Investment Banking
February 2020

Will Azure top AWS? Take a deep dive into the Azure Cloud Services ecosystem with Avendus’ latest report

Global businesses and organizations are continuing to invest in their technological evolution at an ever increasing rate.

Read Time: 5 minutes

Reports

Digital & Technology

Healthcare

Get in touch

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