Spark Financial Holdings (“Spark”) acted as the exclusive financial advisors to Zifo Technologies and its Selling Shareholders on its stake sale to TA Associates.
We are pleased to announce the signing & closing of definitive agreements for the sale of its equity stake in Zifo Technologies Pvt. Ltd and its affiliates (“Zifo”), a global provider of Informatics Solutions for research- based organisations, to TA Associates.
This marks Spark’s 52nd transaction in the Technology Services space and further adds to its rich track- record of transactions - aggregating to ~USD 3 Bn in value across Technology Services. Spark is proud to be a part of this transaction and wishes both Zifo and TA Associates the best in the years to come.
Founded in 2008, Zifo helps enable the digital transformation of Drug Discovery, Clinical Development, Manufacturing Quality Control and Genomics functions at companies across the Pharma, biotech, medical device and process industries. Zifo enables companies to digitalize their operations to support innovation and help increase efficiency and speed of delivery. The Company’s customers include global leaders and innovators in 20 countries around the world. Zifo is headquartered in Chennai, India, with offices in Canada, China, France, Germany, Japan, Singapore, Switzerland, UK and US.
TA Associates is a Boston-based leading global Private Equity firm which has partnered with over 550 companies and raised over USD 47.5 Bn in capital till date. They focus on the technology, healthcare, financial services, consumer and business services industries and concentrate on growth capital and leveraged buyouts of businesses.
Raj Prakash G, CEO, Zifo said, “A global investment firm with many years of successful investing in technology businesses around the world and with a good cultural fit, we see TA as the ideal partner for Zifo. TA’s experience and extensive network, coupled with Zifo’s industry expertise and specialised human talent, will prove meaningful in helping us expand and grow our business. We welcome the partnership with TA and look forward to working closely. Thanks to the Spark team in supporting us to close this transaction successfully.”
Dhiraj Poddar, Head of TA Associates Advisory & Managing Director at TA said, “Zifo has an established reputation as a best-in-class services provider across the scientific R&D and manufacturing value chains and has developed deep customer relationships with many global industry leaders.”
Vijay Radhakrishnan, Director & Practice Head – Technology & Business Services, Spark Financial Holdings said, “We are gratified to see the promising culmination of the journey that we embarked upon with Zifo. They have been extremely successful in building a robust and profitable business in the R&D informatics space, with a deep domain focus across the Life Sciences vertical. We wish the Zifo team and TA Associates the very best for the future and are confident that their collaboration will see the business scale to new heights.”