Spark Capital is pleased to announce the successful closure of Quess Corp Ltd.’s (“Quess Corp” or “the Acquirer”) INR 153 Crore acquisition of Tata Business Support Services Limited (“TBSS” or “the target”). Quess Corp will own 51% with Tata Sons holding the remaining stake.

Spark Capital acted as exclusive financial advisor to Quess Corp for the transaction:

  • Advised Quess Corp on various acquisition options and identified Tata Business Support Services as a potential target
  • Managed complex negotiations on transaction documents
  • Maintained tight control on the transaction process ensuring quick and successful closure

With this deal, Spark Capital has consummated 37 deals in the Technology/Business Services sector aggregating to ~USD 1.8 Bn, out of which deals aggregating to ~USD 1.1 Bn have been consummated in the last 5 years. This transaction also underscores Spark’s commitment to bring fully integrated and holistic financial solutions dedicated to mid-market corporates across the country.