PE Fund Investments

ChrysCapital buys out IT Services firm Xoriant

Press Release   Economic Times  

Private Equity firm ChrysCapital has acquired Xoriant, a Sunnyvale, CA (USA)-headquartered software engineering and digital IT services provider, for a reported USD 250 million. Sidley Austin served as the legal counsel for ChrysCapital and EY was its financial and tax advisor. Arnold and Porter served as legal counsel for Xoriant, while Avendus Capital was its exclusive financial advisor. This is the second buyout from ChrysCapital's ninth fund and its ninth business services buyout since inception.

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