Bangalore, India and San Ramon, California, April 23, 2012 -- In response to a sharp increase in interest and activity in India, martinwolf | M&A Advisors, the world's leading middle-market IT M&A advisory, announced it has opened an office in Bangalore. The move expands the firm's India practice and builds on a growing number of transactions completed and in progress with India companies. Gaurav Sharma, who joins the firm as Senior Vice President and head of the India Practice Group, will lead the practice, dividing his time between India and the U.S.
This is Sharma's second tenure at martinwolf, having been a member of the M&A advisory team from 2005 to 2010. Sharma moved to Bangalore in 2010 to lead M&A offerings for the Strategy and Transformation practice of IBM Global Business Services, India. In that role, he advised global corporations on a range of strategic organic and inorganic growth initiatives.
Sharma brings to martinwolf 16 years of domain expertise in IT industry M&A for both buyers and sellers in IT solutions, enterprise applications and business process outsourcing (BPO). Sharma's chief skill is advising companies on the end-to-end M&A process and leading them through it from developing transaction rationale to execution to integration planning.
Representative martinwolf transactions include the following:
• Rolta India Ltd acquisition of TUSC (Oracle and Hyperion offerings)
• Saber Corporation's recapitalization with Accel-KKR (Oracle software and consulting)
• Hinduja TMT acquisition of Affina (a U.S.-based Business Process Outsourcing company)
• Two active engagements currently under agreement in India, a solution services provider and a security services provider
According to Marty Wolf, President & Founder of martinwolf, "The decision to expand our presence in India is driven by increased M&A activity among buyers and sellers in India, as well as between companies in India, the U.S. and other parts of the world. Especially in the IT services space, which is our focus, India has an established core competency that is increasingly appealing to companies outside India seeking growth through acquisition."
Added Wolf, "In his new role as India practice leader, Gaurav brings valuable expertise both in the India IT M&A scene as well as specific knowledge of the martinwolf philosophy and strategic approach. Gaurav understands the needs of India companies from an insider's perspective. He knows the India market from the perspective of global buyers. And his previous experience with us and IBM Global Services will ensure the greatest value for both buyers and sellers in each transaction and over time." (continued...)