Avendus Capital Acts as the Financial Advisor on the Sale of InterGlobe Technologies to AION Capital Partners

InterGlobe Technologies (“IGT”), a leading business process management (“BPM”) and technology services provider that delivers innovative business optimization solutions across the spectrum of Travel, Transportation and Hospitality (“TT&H”) domains and which was a part of the eminent InterGlobe group of companies, has been acquired by AION Capital Partners (set up by Apollo Global Management (“Apollo”), in strategic partnership with ICICI Ventures.

Avendus acted as the financial advisor on the transaction to InterGlobe Enterprises and its eventual shareholders.

Deal Value

Undisclosed

Service

Mergers & Acquisitions

Sector

Enterprise Technology & Services

Date

January 2019

Strong tailwinds in the USD 2 Tn+ (CY18E) TT&H vertical combined with an increased pressure towards outsourcing are expected to drive the growth of IGT’s addressable market. Within this, the outsourced digital spend by industry leaders in the space, is expected to grow at ~20%+. As a market leader in the activation of digital channels in the TT&H vertical, IGT is poised to continue its stellar growth momentum

Mr. Amit Singh

Executive Director, Avendus Capital, while commenting on the transaction

About InterGlobe

Founded in 1998, IGT is the largest pure-play TT&H focused, integrated digital services and solutions provider, globally. It caters to a marquee client base, including 4 of the top 5 airlines, 3 of the top 5 online travel agents/travel management companies, 4 of the top 10 hotel chains and 2 of the top 5 cruise lines. IGT has a global delivery footprint, spread across 15 centers in 9 countries.