Private Equity Liquidity Events
Singapore's Xcelerate acquires controlling stake in compliance service provider Aparajitha
Singapore-based Xcelerate Pte Ltd, through its wholly-owned Indian subsidiary XLSure India, has acquired a controlling stake in Madurai-based Aparajitha Corporate Services Pvt Ltd, a compliance services provider.
Founded in 2000 by Nagaraj Krishna and Bharath KS, Aparajitha serves more than 1,500 clients across India. Xcelerate is creating a Governance, Risk and Compliance (GRC) platform, which it is building organically and through acquisitions.
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In Feb-14, Aparajitha Corporate Services raised $14.7 M from Everstone. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)