Element Solutions Acquired By Hinduja Global Solutions
7 Mile Advisors acted as the exclusive sell-side advisor to Element Solutions in their sale to Hinduja Global Solutions (NSE:HGS).
This partnership will bring together a complementary client base and position Element Solutions as end-to-end digital transformation leaders.
CHARLOTTE, NC – 7 Mile Advisors recently closed their third Digital Transformation deal since the beginning of 2018, acting as the exclusive sell-side advisor to Element Solutions in their sale to Hinduja Global Solutions (NSE:HGS).
The acquisition of Element will help HGS Interactive (HGSi), HGS’ digital services division, to strengthen it’s buy-side portfolio by adding new capabilities and expertise in customer digital experience and digital marketing. It will also bring together a complementary client base across sectors and add significant onshore presence for HGSi. The company will add over 75 employees comprising strategic thinkers, digital marketers, user-centric designers, software engineers and developers, of whom 33 are in the US and the rest in India.
“As part of our strategy to drive digital-led transformation for clients, HGS has been investing significantly in technology and solutions to reimagine customer experiences. The investment in Element Solutions expands on this strategy and helps position us as an end-to-end digital transformational leader who can impact the entire customer lifecycle for brands,” said Partha DeSarkar, Chief Executive Officer, HGS. “I am pleased to welcome the talented team of Element to the HGS family and look forward to leveraging their expertise to drive higher value.”
“The partnership with HGS will help us deliver better on our brand promise of ‘Creating Digital Experiences that transform traditional businesses to digital innovators’ at scale. We are excited about the opportunities ahead and are committed to working with our clients to drive impact,” said Venkatesh Korla, Founder & CEO, Element Solutions.
The 7 Mile Advisors team continues to expand their presence both globally and in the digital transformation M&A environment specifically, with this deal bringing their Digital Transformation track record up to 36 closed transactions. Their increasing success in this ecosystem stems from experience working with Business Services and Technology firms, citing over 120 successfully closed transactions in the space since 2008. As tech enabled business services companies continue to be more and more valuable to enterprises, M&A activity in the space is expected to rise – and 7 Mile Advisors will be there to guide companies through the process.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About Element Solutions
A creative team of strategic thinkers, marketing experts, user-centric designers and software engineers with and elemental desire to create transformative digital solutions. We are dedicated to creating frictionless technological experiences that solve problems and significantly improve people’s lives. Learn more at www.elementsolutions.com.
About Hinduja Global Solutions
A global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day. HGS combines technology-powered services in automation, analytics and digital with domain expertise focusing on back office processing, contact centers and HRO solutions to deliver transformational impact to clients. Part of the multi-billion dollar conglomerate Hinduja Group, HGS takes a true “globally local” approach, with over 46,000 employees across 69 delivery centers in seven countries making a difference to some of the world’s leading brands across nine key verticals. For the year ended 31st March 2017, HGS had revenues of US$ 555 million. HGS Interactive (HGSi), the digital business arm of HGS, is an innovative digital solutions company, providing global brands an array of services in the areas of Strategy & Consulting, Digital Marketing, DigitalCx and Social CRM. Pioneers in the Unified Customer Experience space, HGSi works on the three tenets of Technology, Innovation and Creativity, and provides its clients real-time customised solutions. Learn more at www.teamhgs.com.