Captive implies cost, however the recent acquisitions have provided a new dimention to the captive model. After setting-up a captive unit, as it grows over a period of time, the parent organization may decide to sell it off for various reasons like releasing the cash, freeing up the management resources required for managing the captive unit, expected fluctuations and uncertainty in future service demand or even perceived inefficiency or under-utilization.

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Private Equity has been one of the most profitable forms of investment for more than 30 years. Outsourcing sector as a target for PE firms gained prominence in the late 1990s and most private equity firms were prompt in grasping the advantages offered by outsourcing in terms of business gains as well as financial incentives. The long-term nature of outsourcing contracts made for an attractive business model.

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The year 2008 saw one of the worst financial crises in living memory. We take a look at the impact on M&As in the IT & services space globally, and explore how the trends will unfold in 2009.

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Tholons Capital presents its half yearly analysis of the M&A activity happening in services globalization arena. How had the sub-prime crisis and economic slowdown affected deal making in the globalization arena? We did a deep dive to highlight some interesting trends and draw inferences.

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Private Equity firms (PE) have started to look beyond their roles as mere providers of capital. Companies are looking for true business partners, who can contribute significantly to business growth, operational excellence and providing management guidance.

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The calendar year 2008 began with high optimism and good news for most investors. Unfortunately that optimism was very short-lived and turned into pessimism in less than 2 weeks. Early second week of the 2008 had investors celebrating the all time high levels of Sensex and Nifty, but the sudden fall in the markets just after that (in the late second week of the New Year) gave a heart-attack to most of the investors. This reduced the ever-growing attractiveness of the Indian IPOs. Indian IPOs till then were considered to be the best investments and an open secret for quick bucks. This debacle of the markets shooed away most corporates from raising money via the IPO route only to make way for the Private Equity Investors and get them more active in their Indian investments.

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Tholons tracks M&A deals in the Services Globalization space on a regular basis. Here, we take a status check on the M&A’s over the last six months, and highlight some interesting trends and draw inferences.

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