Avendus Capital is the Exclusive Financial Advisor to SLK Global Solutions on Its Controlling Stake Sale to Coforge

We are very excited to welcome SLK Global and its 7,000+ employees into the Coforge family. We are equally excited and committed to the new partnership and client relationship that we have now formed with Fifth Third Bank. Fifth Third Bank shall be a Top 5 client of the firm and as our valued JV partner we look forward to creating a deep and mutually rewarding partnership with them in the years to come. We expect very strong business synergies to be generated through this transaction. This differentiated, high growth, margin accretive business further strengthens our position in the North America Financial Services Industry and our BPM business. Coforge’s technology and digital capabilities will be highly relevant to SLK Global’s customer base that includes several marquee names in the BFS and Insurance industries, while the latter’s capabilities will enable Coforge to compete more effectively for deals that have a major BPM/BPO operations component. SLK Global also provides Coforge with an attractive tier 3 India city delivery location

Fifth Third Bank is excited about the opportunities created by this new partnership. We remain committed to our BPM strategy and the expanded automation capabilities afforded by an IT solutions provider of Coforge’s caliber. We look forward to extending with our new partners the long-term relationship we have enjoyed with SLK Global for the past 15 years

SLK Global has proven its resilience and relevance to the North American banking & insurance industries, by delivering strong growth in a pandemic afflicted year. In a fast-digitalizing world, SLK Global’s tech-enabled solutions and domain expertise are highly synergistic with Coforge’s technology and automation prowess. This combination once again underlines the growing need for convergence between IT and BPM capabilities to fully serve the needs of large enterprise clients.