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Investcorp to acquire NSE's technology services business
Economic Times
·
1y ago
Medial
Global alternative investment firm, Investcorp, has acquired NSEIT, the digital technology business of the National Stock Exchange (NSE), for Rs1000 crore. NSEIT provides digital transformation and cybersecurity services to clients in capital markets, insurance, and banking sectors, with a strong presence in India, North America, and the Middle East. This acquisition aligns with Investcorp's strategy of investing in technology and IT services companies globally. NSEIT aims to expand its presence in the US and increase its client base in the financial services industry. The deal signifies NSE's focus on its core business areas while entrusting NSEIT's growth potential to Investcorp.
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Bahrain's Investcorp to acquire NSE’s digital arm for $120 mn
VCCircle
·
1y ago
Medial
Investcorp, a Bahrain-based private equity and real estate investor, has agreed to acquire NSEIT, the digital technology subsidiary of India's National Stock Exchange (NSE), for around $120 million. The deal excludes NSEIT's digital examinations vertical. NSEIT provides digital transformation and cybersecurity services to global customers in the capital markets, insurance, and banking sectors. The acquisition is part of Investcorp's expansion plans in India and shows its commitment to investing in high-growth sectors. NSE will focus on its core business areas, said CEO Ashish Chauhan.
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Gaja Capital-backed firm to acquire NSE unit’s digital exam biz
VCCircle
·
11m ago
Medial
An education company supported by Gaja Capital, a mid-market private equity firm, is set to purchase the digital examination business of NSEIT Ltd. This move follows NSEIT's recent agreement to sell its technology business vertical to Bahrain's Investcorp.
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Investcorp's NSEIT rebrands to NuSummit, to increase focus on global markets
Livemint
·
8m ago
Medial
Investcorp-backed NSEIT, a provider of digital and cybersecurity solutions, will be rebranded as NuSummit and will focus on expanding globally, according to the company's CEO. The move comes after Investcorp acquired the National Stock Exchange's digital services business in April for ₹1,000 crore. Investcorp has invested $25-30 million in NuSummit's expansion plans, with a focus on North America as a key revenue contributor. The company aims to generate $400 million in revenue over the next 3-4 years and is open to making acquisitions to achieve this goal.
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Investcorp appoints former Tech Mahindra exec as senior operating partner
VCCircle
·
5m ago
Medial
Investcorp, a Bahrain-based alternative investment firm, has appointed former Tech Mahindra executive Vivek Agarwal as its Senior Operating Partner for India. Agarwal will lead the expansion into software and software services sectors and join the board of NuSummit, a digital transformation and cybersecurity services firm acquired by Investcorp for $120 million. With over 25 years of experience, Agarwal will enhance Investcorp's private equity and M&A activities, particularly focusing on the mid-market technology sector.
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Investcorp floats $1 bn fund for China, Gulf bets; Chinese CIC to be anchor investor
VCCircle
·
1y ago
Medial
Investcorp has launched a $1 billion fund, backed by China's sovereign wealth fund, CIC, to invest in high-growth companies across Saudi Arabia, the wider Gulf region, and China. The platform aims to target sectors such as consumer, healthcare, logistics, and business services. This move reflects the increasing collaboration between China and the Gulf, as the region diversifies its economy and opens up to investment. Investcorp sees itself as well positioned to facilitate cross-border cooperation and investments between the Gulf Cooperation Council and China.
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NuSummit plans expansion in Asia Pacific, Western Europe to fuel growth
Economic Times
·
8m ago
Medial
Bahrain-based Investcorp-backed NSEIT, now renamed NuSummit, plans to expand its international business into the Asia Pacific and Western Europe regions. The technology services firm is aiming to become globally relevant and plans to use mergers and acquisitions as a growth strategy. Currently, 60% of NuSummit's revenues come from India, and the company aims to increase its international business to make up around 65-70% of total revenues in the next four years. The firm is also focusing on the cybersecurity, cloud, and digital transformation verticals and intends to leverage inorganic growth to enhance its capabilities.
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Not focusing on office assets in India, to grow warehousing biz: Investcorp’s Sharma
VCCircle
·
1y ago
Medial
Bahrain-based alternative asset manager Investcorp is looking to expand its exposure in the Indian market by focusing on warehousing and residential properties. Gaurav Sharma, head of India investments at Investcorp, emphasized that the company is not interested in office assets and instead aims to grow its warehousing business. Investcorp was one of the most active private equity-style investors in India last year and plans to continue its strategic investments in select sectors.
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Not focusing on office assets in India, to grow warehousing biz: Investcorp’s Sharma
VCCircle
·
1y ago
Medial
Investcorp, the Bahrain-based alternative asset manager, is shifting its focus away from office assets in India to prioritize the growth of its warehousing business. Gaurav Sharma, the head of India investments at Investcorp, revealed that the company is narrowing down its strategies and sees potential in the warehousing and residential sectors of the country. Investcorp was one of the most active private equity-style investors in India in 2020 and aims to expand its presence further by capitalizing on these selected strategies.
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It will hurt business: Kamath as NSE stops referral incentive
Inshorts
·
11m ago
Medial
Nithin Kamath said NSE's recent directive stopping brokers from sharing any brokerage as a referral incentive "will hurt the business". The circular directed that any person referring a client to a trading member should be registered as an authorised person with the exchanges. The trading member will also have to ensure that their authorised persons engage only in permitted activities.
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NSE waiting for SEBI nod to launch IPO, ready to begin process: CEO Ashish Chauhan
Money Control
·
1y ago
Medial
The National Stock Exchange (NSE) is waiting for approval from the capital markets regulator SEBI to proceed with its IPO process. Once SEBI is satisfied with NSE's operations, the exchange will be able to re-apply for its initial public offering. NSE's listing has been delayed due to corporate governance issues and technological failures in the past. The exchange reported a rise in net profit for the December quarter, aided by various sources of revenue.
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