AGC Partners advises HCL Technologies on the proposed divestiture of its CapitalStream division to Linedata Services in a cross-border transaction
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Transaction Details
AGC Partners is pleased to announce that its client, HCL Technologies, an Indian publicly traded global IT services company, has agreed to divest its CapitalStream division to Linedata Services, a French publicly traded provider of software solutions and services to investment management and credit industries worldwide. Headquartered in Seattle, CapitalStream is a leading provider of commercial loan origination software and services targeting banks and other financial organizations in the U.S. and Canada. As a part of the transaction, HCL will maintain an on-going outsourcing relationship with Linedata. the transaction is expected to close in the first quarter of 2013. With a team led by Dennis Rourke and Ben Howe, AGC Partners acted as sole financial advisor to HCL.
Testimonial
We are very grateful for the hard work and dedication with which Dennis, Ben and the rest of the AGC team managed this complex cross border transaction. Their global reach and expertise, as well as their ability to effectively articulate the Company’s value proposition, led to the successful divestiture of HCL’s CapitalStream business and a new strategic relationship with the buyer. We look forward to working with the AGC team again in the future.
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© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
