Avendus advises Lohika on its strategic acquisition by Altran.

Service

Mergers & Acquisitions

Sector

Enterprise Technology & Services

Date

July 2016

Deal Value

Undisclosed

pdf

Avendus Capital is pleased to share that Altran has signed definitive agreements to acquire Lohika. Lohika is a leader in digital product development space. It offers premium software engineering services to leading technology companies through delivery centers in Eastern Europe. Avendus Capital acted as the exclusive advisor to Lohika and its shareholders.

Puneet Shivam, Head-US and Co-Head of Outsourcing Group, Avendus, said, “As digital capabilities becomes a strategic imperative for enterprises, we continue to witness strong interest and investments in the digital software development space. Lohika strategically extends Altran's already strong competitive position through cutting edge capabilities, marquee client base, attractive market and delivery footprint. This AltranLohika combination is unique given their complimentary yet synergistic strengths and creates a market leader for next-gen product development services.”

For more information, please visit http://www.altran.com/fileadmin/medias/1.altran.com/Finance/2016/PR_ALTRAN_LOHIKA.pdf 

About Avendus Capital (“Avendus Capital”)

The Avendus Group (Avendus) is a leading provider of financial services with an emphasis on customized solutions in the areas of financial advisory, capital markets, wealth management, credit solutions and alternative assets management. Avendus relies on its extensive experience, in-depth domain expertise and knowledge of the regulatory environment, to offer customized solutions that enable clients to meet their strategic aspirations. Avendus has consistently been ranked among the leading financial advisors by overall number of deals. It has a strong track record of cross border transactions and has helped multiple clients benefit from opportunities across geographies. Avendus’ wide range of clients is testimony to its ability to serve its corporate clients throughout their life cycle – from growth stage funding to complex, large sized transactions later in the cycle.

Avendus Wealth Management caters to investment advisory and portfolio management needs of Family Offices, Large Corporations and Ultra High Net Worth Individuals spanning all asset classes. Avendus Capital Inc. and Avendus Capital (UK) Pvt. Ltd. located in New York and London respectively are subsidiaries providing M&A and Private Equity syndication services to clients in the respective regions.

For more information, please visit www.avendus.com 

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