Multiples Alternate Asset Management (Mulitples) has signed a definitive agreement to acquire a controlling stake in a high-growth digital product engineering platform, QBurst for $200 million approximately.
Anagram Partners acted as the legal advisor to Multiples on this transaction.
The transaction team was led by Palaq Vora (Partner) and comprised Sanskriti Singh (Senior Associate), Vidhisha Ambade (Senior Associate), Rajni Tolani, Saachi Pilinja, Soumyodeep Halder, Deepali Bhandari and Rozel Arora (Associates).
This transaction marks Multiples' largest control investment in technology services.
With over $3 billion under management, Multiples is India’s leading Alternate Asset Management company. Its core sectors of focus include financial services, pharma & healthcare, consumer and technology and more recently the green economy. Some of Multiples’ distinctive investment partnerships include ACKO, Delhivery, Dream Sports, Encube, India Energy Exchange, PVR and Licious.
Founded in 2004, QBurst is a global leader in digital solutions, with a strong presence across North America, Japan, Middle East, Europe and India. Qburst offers services in Digital Product Development, Enterprise Digitalization, Data Analytics, Cloud Services, AI & Generative AI Services, Automation, DevOps, and Digital Marketing Enablement.
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