JSA, Argus act on this ₹400 Crore Private Equity deal

Private equity firm Multiples Alternate Asset Management Private Limited (Multiples) has acquired a majority stake in HR technology and solutions provider, PeopleStrong HR Services Private Limited (PeopleStrong) with an investment of around ₹400 crore..DealMultiples acquires majority stake in PeopleStrongValue₹400 croreDeal TypePE/ M&ASectorHRLaw FirmsMultiples- J Sagar Associates; PeopleStrong- Argus PartnersPartners/ HeadsJSA – Aarthi Sivanandh, Argus – Krishnava Dutt, Adity Chaudhury.Multiples was advised by J. Sagar Associates through a team led by Partner Aarthi Sivanandh along with Principle Associate Bhavana Elizabeth Alexander and Associates Bharath Sridhar, Kayal Manivannan, Anu Ganesan and Sahana Chandrika..PeopleStrong was advised by Argus Partners through a team led by Partners Krishnava Dutt and Adity Chaudhury along with Associate Avichal Mathur..Prior to this round, PeopleStrong had received institutional funding in various rounds from Narotam Sekhsaria family office backed-Lumis Partners and HDFC Holdings. Multiples will now constitute the controlling majority post this transaction.