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Marina Holdco (FPI) Ltd, a company backed by funds advised by Apax Partners, has acquired 23.2 per cent stake in RPG Group company Zensar Technologies for Rs 859 crore.
The stake was acquired from an existing minority shareholder Electra Partners Mauritius. Following the investment, RPG Group continues to be the promoter and the largest shareholder in the company with a 48 per cent stake, the company said in a statement.
“Zensar is a key focus area for the RPG Group, and we aim to scale the company into a top-10 Indian technology services business in the medium-term, through a combination of organic growth and M&A. With Apax’s track record in the technology services space, Zensar is expected to benefit through access to a wider global customer base and best practices,” Harsh Goenka Chairman of Zensar and RPG Group said.
Zensar has capabilities in Oracle implementation and maintenance and in e-commerce solutions.
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