Advised Multiples Alternate Asset Management on its acquisition of a controlling stake in QBurst for ~USD 200 million.

Multiples Alternate Asset Management (Mulitples) has signed a definitive agreement to acquire a controlling stake in a high-growth digital product engineering platform, QBurst for USD 200 million (approx.). This transaction marks Multiples’ largest control investment in technology services.

With over USD 3 billion under management, Multiples is India’s leading Alternate Asset Management company. Its core sectors of focus include financial services, pharmaceuticals, healthcare, consumer and technology and more recently the green economy. Some of Multiples’ distinctive investment partnerships include ACKO, Delhivery, Dream Sports, Encube, India Energy Exchange, Kogta Financial, Licious, Milltec, MoEngage, PVR, Quantiphi, TI Clean Mobility, Vastu Housing Finance, and Zenex.

Founded in 2004, QBurst is a global leader in digital solutions, with a strong presence across North America, Japan, Middle East, Europe and India. QBurst offers services in Digital Product Development, Enterprise Digitalization, Data Analytics, Cloud Services, AI, Generative AI Services, Automation, DevOps, and Digital Marketing Enablement.

Anagram Partners acted as the legal advisor to Multiples on this transaction. The team was led by our Partner Palaq Vora and comprised Sanskriti Singh, Vidisha Ambade, Rajni Tolani, Saachi Pilinja, Soumyodeep Halder, Deepali Bhandari and Rozel Arora.

Read more at:

QBurst Press Release – Multiples.pdf

Multiples PE buys majority stake in QBurst – The Economic Times