M&A

M&A

Xcelerate acquires strategic stake in KPO Carisma Solutions

Yourstory  

Xcelerate Pte Ltd, a Singapore-based investment platform focused on the Environmental, Social, Governance, Risk & Compliance (ESGRC) segments, has acquired an equity stake in Chennai-based Carisma Solutions Pvt Ltd , a knowledge-driven business services provider offering managed services and digital solutions in the Accounting, Financial Advisory, Mortgage, and SMSF sectors in Australia. Yogesh Bhura and Arjun Ramaraju have joined Carisma's Board as Xcelerate’s nominees.Carisma helps clients with the preparation, computation, filing, and maintenance of complex financial, tax, and regulatory compliance requirements. With over 500 employees, the company operates across Chennai, Bangalore, Tirunelveli, Sydney, and Melbourne.Ernst & Young provided the financial and tax diligence, while JSA Law was the legal advisor to Xcelerate. July Connect acted as the transaction advisor for Xcelerate and Eswaran Advocates represented Carisma's shareholders.