Technology
Complete exit of Baring Private Equity Fund from Integra through purchase of stake by Integra’s promoters and their friends/associates
About
Integra
Integra is a leading digital content services company providing content solutions and interactive learning media services to publishers and educational institutions while also providing workplace learning and development solutions for enterprises.
With a competent team of over 1100 qualified professionals having diverse skill sets, Integra meets discerning quality standards and demanding delivery schedules, which is reflected in its long-standing relationships with many of its global customers. Integra has its principal delivery center in Pondicherry along with Global Service Delivery Centers in India and the US besides added capabilities to provide onshore project management & editorial support out of UK, Spain and Italy.
Background
We are pleased to announce that our client Integra Software Services Pvt Ltd (“Integra”) has successfully completed an ownership restructuring exercise. A consortium of private investors led by the promoters and friends / associates have acquired the entire controlling stake of existing investor Baring Private Equity Fund (“Baring”) in a competitive bid process. Baring had acquired a controlling interest in Integra in 2006 and this transaction provides a complete exit to Baring. The promoters, Sriram Subramanya and Anuradha Sriram continue to be at the helm of Integra and shape its growth going forward.
Veda Corporate Advisors (“VedaCorp”) was the exclusive advisor to Integra, the promoters of Integra and their associates in this Transaction. VedaCorp successfully managed the process including advice on valuation and finalization of the Transaction.
VedaCorp was also the exclusive advisor to Integra when Baring acquired a majority stake in the entity in 2006. This transaction is yet another testimony to our focus on long term partnerships with our clients and is also our 10th transaction in the content solutions/publishing services domain.