DATE November 09, 2021 SECTORS Business & Tech-Enabled Services DEAL LOCATIONS DEAL TEAM Klaas Oskam Managing Director George Anthraper Managing Director ACTIONS Download PDF Add to briefcase SHARE ON LinkedIn Twitter Facebook Email this page HOME NEWS, DEALS & INSIGHTS DEAL ANNOUNCEMENTS DC Advisory advised GS Lab on the sale of a majority stake to Kedaara Background Founded in 2003, GS Lab is a leading provider of digital product engineering services, helping independent software vendors (ISVs) and enterprise clients build, deploy and manage their digital products Headquartered in Pune, GS Lab has engineering centers across India, US and UK Kedaara Capital (Kedaara) is an operationally focused private equity firm pursuing control and minority investment opportunities in India Process DC Advisory (DC) acted as the exclusive financial advisor to GS Lab and its shareholders on the sale of a significant majority stake to Kedaara DC provided support across key work streams, including investor due diligence and documentation negotiation DC worked with the management team, leveraging its deep sector expertise to engage financial and strategic investors in the space, providing GS Lab with the opportunity to evaluate multiple strategic alternatives before finalizing the transaction with Kedaara Outcome This transaction will enable GS Lab to: Accelerate business growth by leveraging the global relationships of Kedaara and global private equity firm, and JV partner of Kedaara, Clayton, Dubilier & Rice; Deliver digital product engineering services to a wider pool of customers across ISVs, enterprises, and digital native companies globally; and Continue to focus on cutting-edge technologies to meet the digital needs of customers and create an enriched work environment for all employees “The DC Advisory team, led by Klaas and George, have been exceptional throughout the process. Their work ethic, professionalism and global access allowed us to run a tight and competitive process. They worked tirelessly to ensure that we achieve the desired outcome in a short time frame. I would definitely recommend DC Advisory and look forward to working with them again in the future.” Atul Narkhede CEO & MD, GS Lab “M&A deal volumes for quality digital product engineering businesses have never been higher and we are expecting this trend to continue. We are proud to have been part of this strategic M&A transaction that enables further growth acceleration for GS Lab and we wish the team all the very best for the next chapter of their careers.” George Anthraper Managing Director, DC Advisory India Back to News, Deals & Insights For more information, please see our transaction disclaimer For important information regarding testimonials, please see our disclaimer. © DC Advisory 2021 I would like to receive communications about DC Advisory products, services, events and matters of interest. Sign up QUICK LINKS About us Sector expertise Locations Transactions News, Deals & Insights Join us POPULAR LINKS Team Events Contact Capabilities グローバル・ソリューション 我们把世界带给中国 INFORMATION Legal Terms of use Privacy & cookies Modern Slavery Act Accessibility SOCIAL LinkedIn Twitter YouTube Instagram We use cookies to make our website work more efficiently, to provide you with more personalised services, and to analyse traffic on our website. For more information on how we use cookies and how to manage cookies, click here. You can change your cookie settings at any time. Accept & Close Change settings