QBurst Secures Majority Acquisition by Multiples Alternate Asset Management
Deal News | Feb 08, 2025 | BDA Partners
Multiples Alternate Asset Management, along with its co-investors, has agreed to acquire a controlling stake in QBurst, a global leader in digital product engineering. QBurst, founded in 2004, offers a variety of digital solutions including AI, cloud, and data analytics, and maintains a strong presence across several key markets worldwide including North America, Japan, and India. This acquisition marks Multiples' largest control investment within the technology services sector to date. BDA Partners acted as the exclusive financial advisor to QBurst for this transaction. BDA Partners emphasized the deal as a reflection of their prowess in the Digital Transformation and Product Engineering sectors, highlighting their ability to connect with strategic and private equity investors on a global scale. The transaction is still pending regulatory approvals and is expected to conclude in the upcoming months. QBurst's leadership anticipates leveraging Multiples' strategic expertise and resources for further corporate growth.
Sectors
- Technology Services
- Private Equity
Geography
- Global – QBurst operates internationally across North America, Japan, the Middle East, Europe, and India, indicating the global scope of the transaction.
- India – Multiples Alternate Asset Management and BDA Partners have significant involvement in the Indian market, suggesting the regional importance.
Industry
- Technology Services – The article focuses on a transaction within technology services, particularly involving digital product engineering and technological solutions.
- Private Equity – The involvement of Multiples Alternate Asset Management as an acquiring party classifies this under Private Equity industries.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| QBurst | Target Company | Company | A global digital product engineering platform with extensive service offerings in digital solutions and technologies. |
| Multiples Alternate Asset Management | Bidding Company/Buyer | Company | A private equity firm leading the acquisition of a controlling stake in QBurst. |
| BDA Partners | Financial Advisor | Company | Provided exclusive financial advisory services to QBurst for this transaction. |
| William Blair | Strategic Investor | Company | Partnered with BDA Partners to support technology sector advisement. |
| Prathapan Sethu | Co-founder and CEO | Person | CEO of QBurst involved in expressing the partnership's future value. |
| Binu Dasappan | Co-founder | Person | Co-founder of QBurst. |
| Ansar Shihabudeen | Co-founder | Person | Co-founder of QBurst. |
| Manoj Balwani | Partner & Head of Technology US & India | Person | A partner at BDA Partners, highlighting the significance of the transaction. |
| Jyotin Gagrani | Managing Director | Person | Managing Director at BDA Partners, involved in consultancy and advisory roles. |