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
Puneet Shivam
Managing Director, 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.
Shobhit Jain
Managing Director and Co-head, Enterprise Technology and Services, Avendus Capital
Shobhit Jain is a seasoned Investment Banker with over two decades of expertise in strategic advisory. He currently serves as a Managing Director and co-heads the Enterprise Technology & Services practice at Avendus Capital.
Throughout his career, Shobhit has demonstrated proficiency in various aspects of Investment Banking, including M&A, strategic advisory, deal structuring, transaction sourcing and public & private financing for both domestic and cross-border transactions. He possesses deep knowledge across core and high-growth areas of IT services, such as digital engineering, analytics, cloud, as well as vertical-focused BPM areas such as Healthcare, BFSI and Insurance.
Shobhit has spearheaded landmark deals, including the merger-demerger of KPIT Technologies and Birlasoft to create two independently controlled listed entities, the sale of majority stake in SLK Global to Coforge, USD 50 million fund raised for TheMathCompany led by Brighton Park Capital, HIG Capital's majority stake in Navita Life Sciences and demerger of Mastek's insurance business into Majesco. He has also played a key role in advising Indian and multinational companies on various IPOs, QIPs, block deals, open offers, buybacks and delisting offers including iGate's delisting of Patni Computers.
Prior to joining Avendus Capital, Shobhit served as a Senior Vice President in the technology and media investment banking vertical at Kotak Investment Bank, contributing to the firm's success for over ten years.
He is a Chartered Accountant and has a Master’s degree in Commerce from Mumbai University.
Reports
ESG‘s emerging role in Capital Markets
While ESG as a theme has already gained relevance in the global capital markets, it is set to become a key decision-making parameter for Indian Equity Capital Markets, contributing to ~34% of the total domestic AUM by 2051. This growth is expected to be driven by ESG focused sectors such as Renewable Energy, Electric Vehicles, Green Hydrogen and Climate Tech, among others.
Cloud Services 3.0: A USD 160 Bn Market Opportunity by 2026
Cloud has evolved into its third growth phase, maturing from a cost-effective proposition to a business transformation lever. Enterprise focus has shifted from mere lift and shift migration to building cloud-native architectures to achieve higher business value gains from cloud adoption initiatives. The total marketable opportunity for cloud service providers is projected to reach USD 160 billion by 2026, with 20+ pure-play players expected to cross USD 100 million in revenues. Dive into the trends, initiatives, benchmarking and deal momentum.
AI and Analytics: A USD 100 Bn Marketable Opportunity
The AI and Analytics services market is expected to double by 2026, despite a lack of AI talent. An exponential growth in data volume is driving analytics adoption, and relentless breakthroughs in AI have made it an invaluable tool for any company. Learn about the factors driving growth in this space and our expectations for pure-play players.
Consumer Health and Wellness: A Shift From Elective To Essential
The consumer health and wellness sector in India is poised for exponential growth, driven by rising awareness, focus on preventative care and integration of data and AI. India is adapting to global consumer wellness trends, wherein clean label snacks have grown from 11% in 2017 to 19% in 2021 and the plant based protein market is expected to grow at a CAGR of 19% by 2027. Learn all about the decade for health and wellness in India.
Cybersecurity Services: A key to sustainable global digital disruption
The cybersecurity services market has evolved beyond traditional firewall protection managed services to advanced holistic solutions like Cloud security, DevSecOps, Endpoint Security and AI based threat detection. Cybersecurity spend has reached USD 187 billion in 2021 and is expected to grow at a 2021-2028 CAGR of 11.1%. Learn what is driving this rate of adoption.
Data Centres: Powering Digital India
India's data centres market is expected to lead the next wave of Real Assets investments by growing at a CAGR of ~40% - highest in the Real Assets space - to ~1,700 MW capacity by 2025, on the back of investments worth USD 5 billion during this period. Learn about the key drivers leading to the success of Data Centres in India while taking a deep dive into the return dynamics, investor interest and market landscape.