Sector-Focused Investment Banking Since 2000
We Know Who Buys
Sell-side M&A, acquisitions and capital raising for founder-owned and private equity-backed technology services, consulting, software, BPM and healthcare companies. We know the strategic buyers and investors in your market, what they value, and how to bring them to the table.
- Boutique Investment Banking Firm of the Year 2023, 2024 and 2025, International M&A Awards
- Investment Bank of the Year, International 2025, M&A Advisor Awards
One Square, One Closed Deal
Our record, 2002 to 2026
- Transactions on Our Record
- 120
- Countries We Have Closed Deals In
- 31
- Countries With a TH Office
- 14
- People Across the Americas, Europe and Asia-Pacific
- 80+
- Years Advising Technology Companies
- 26
Buyers and Investors on Our Record
Our Clients Have Sold to, Partnered With and Raised From
- Accenture
- Capgemini
- EY
- McKinsey
- PwC
- IBM
- Infosys
- Fujitsu
- NTT DATA
- Cognizant
- Wipro
- HCL Technologies
- Tech Mahindra
- Coforge
- Globant
- Endava
- EPAM
- DXC Technology
- Synechron
- Xoriant
- Omnicom
- Yahoo
- Vertiv
- CACI
- Genpact
- Persistent Systems
- LTI
- Inetum
- Alten
- Keensight Capital
- Capital A
- Parquest
- Bajaj Finserv
Counterparties in transactions on which TH Global Capital advised. Names are shown for reference only and do not imply endorsement.
Deals Like Yours
Who Bought Companies Like Yours?
Choose the business closest to yours. These are real transactions from our record: who we advised, who bought or invested, and where they were based.
105 Named Transactions
Buyers and investors included Audensiel, Bajaj Finserv and Info Edge Ventures, Quantiphi, NTT DATA and The MarketFully Group. 76 of 105 crossed a border.
LCG
majority acquisition by
Audensiel
backed by Sagard and CAPZA
Consulting, AI & Analytics, Cloud & Cybersecurity
LUMIQ
growth equity from
Bajaj Finserv and Info Edge Ventures
BFSI AI, Data Analytics & Data Engineering
Quantiphi
acquired
Candyspace
Digital Product Engineering
The Cloud People
sold to
NTT DATA
ServiceNow Consulting
Social Element
sold to
The MarketFully Group
Social Media & Digital Marketing Agency
Ignitarium
sold to
Neurealm
Semiconductor Engineering Services & Embedded Systems
TestDevLab
sold to
Xoriant
AI led Software Testing & Test Automation IP
Aqurance
sold to
EY
Strategic Veeva Services Partner
Global Reach, Proven
The Best Buyer Is Rarely Next Door.
Founders often assume their buyer will be a local rival. Our record says otherwise: most of the time, the right partner was based in another country.
87 of 120transactions on our record brought together companies from two different countries
- Within Continental Europe18
- Within North America17
- Continental Europe → North America12
- UK and Ireland → North America12
- India → North America10
- Continental Europe → India7
- Within UK and Ireland7
- North America → India6
- Australia and New Zealand → North America4
- Australia and New Zealand → India3
Every Australian Sale Went Overseas
All 11 Australian companies on our record were bought by overseas groups, including Fujitsu, Accenture, Capgemini, Infosys and Endava.
Europe's Specialists, America's Acquirers
Continental European companies we advised have been bought by North American groups 12 times, from Waylay and Vertiv to TestDevLab and Xoriant.
Asia's Technology Majors
Infosys, Wipro, HCL Technologies, Coforge, Fujitsu and NTT DATA have all acquired companies we advised, from Australia to the Nordics.
AI and Valuation
Is Your AI Story Worth a Premium?
Buyers now judge technology services firms on how far AI has moved from internal tool to something clients pay for. We screen against the same four stages buyers use to underwrite a premium. Where does your business sit?
Buyers See Risk
AI is missing from your offer, or your story does not match what clients buy. In our research, 30% of investors walked away from tech services deals in the last 12 months because of weak or misaligned AI positioning.
Buyers See Efficiency, Not Growth
Your teams use AI tools to work faster. Useful, but buyers now expect it. Our growth advisory work helps founders move from AI adopted to AI commercialised before the next funding round or exit conversation begins.
Buyers See Potential
AI is built into how you deliver for clients. The next step is turning it into solutions clients pay for, with a story a buyer can value.
Buyers See a Premium
Clients pay for AI solutions you own. Our research finds valuation premiums of 30 to 50% for tech services firms with real, client-facing, monetised AI solutions.
- 30%of investors have walked away from tech services deals in the last 12 months because of weak or misaligned AI positioning
- 30 to 50%valuation premiums for tech services firms with real, client-facing, monetised AI solutions
- 80%of tech services commercial due diligence now includes a dedicated AI impact assessment
Source: TH Global Capital research on the impact of AI on investment theses in tech services. Every sell-side process we run now includes an AI commercialisation readiness review as standard.
What We Do
Whatever You Are Planning, One Team Sees It Through.
Full-service investment banking for founder-owned and private equity-backed businesses. We become your extended team and manage the entire process.
I Want to Sell All or Part of My Company
Sell Side M&A
We position your business in front of the strategic buyers and private equity funds most likely to value it, and run a competitive process for the best valuation and fit.
Explore Sell Side M&AI Want to Buy a Company
Buy Side M&A: TH Buy and Build
For strategic buyers and private equity funds: an actionable acquisition plan, a qualified shortlist of targets and rigorous execution, from first approach to signing.
Explore Buy Side M&AI Want to Raise Growth Capital
Growth Equity
Raise from private equity funds, venture capital firms, family offices and strategic investors, with decades of experience and a global network behind you.
Explore Growth EquityI Want to Borrow to Grow
Debt Advisory
Secure the right funding, manage existing debt and keep the financial flexibility to support both short and long-term growth.
Explore Debt AdvisoryI Manage a Fund and Plan an Exit
Financial Sponsor Coverage
For private equity sponsors, family offices and growth investors: deal origination, add-ons, portfolio value creation, exits and secondaries.
Explore Sponsor CoverageI Want to Grow Value Before I Sell
Growth Advisory: TH Growth Strategy + Deal
Hands-on growth strategy to accelerate revenue, lift order bookings and improve margins, so your business is worth more when the time comes.
Explore Growth Advisory
How a Sale Works
From First Call to Completion, We Do the Heavy Lifting.
Seeing a deal through from start to finish is what we do. Our four-step sell-side process is built on sector expertise, a presence in every key region and a deep understanding of the buyer landscape.
Through their robust structured process, TH was able to deliver multiple strong offers from leading global strategic buyers, giving us a range of options and the ability to choose the ideal partner in terms of both strategic fit and valuation.
Preparation and Planning
We assess your business, agree the objectives for the sale, identify the key value drivers and prepare the Information Memorandum, financial model and an anonymised executive summary.
Buyer Identification and Marketing
We build a list of strategic and financial buyers worldwide who fit your industry, size and growth, engage them under NDA, run management meetings and collect preliminary offers.
Negotiation and Due Diligence
We compare offers on financial terms and strategic fit, create competitive tension, lead the negotiation and manage due diligence to maximise certainty of completion.
Finalisation and Closing
We finalise the sale agreement with your legal, financial and tax advisers, close efficiently and support the handover, including earn-outs after completion.
Client Outcomes
In Our Clients' Words
TH acknowledged our distinctive proposition as the foremost design and engineering partner in the region, orchestrating a methodical and exceptionally professional M&A process to pinpoint the ideal strategic collaborator and attain a premium valuation for our enterprise.
Their deep understanding of the ServiceNow ecosystem enabled them to perform an exceptionally strong job in scanning the market to find the right match for our needs, tailored to our criteria.
We are extremely happy with the end result … despite a market slow down, they delivered the best possible outcome, with a buyer that represented the ideal strategic and cultural fit for us.
They quickly grasped our strategic vision, precisely identifying the ideal target company that aligned with our long-term goals and significantly accelerating the timeline.
Their deep understanding of the buyer landscape and strong global network played a key role in connecting us with the right international partner for our next stage of growth.
Our People
One Global Team, With Bankers in Your Market.
Founded in 2000 by Vivek Subramanyam, TH Global Capital now has more than 80 people in 22 cities. Our teams pair sector specialists with bankers on the ground in your home market and in the markets your buyers come from.
Vivek Subramanyam
Founder and CEO
Over 25 years in investment banking and more than 100 transactions across 31 countries.
Email VivekGeeta Ramanathan
President and COO
Runs operations globally. Previously CIBC World Markets and UBS Investment Bank. CFA, INSEAD MBA.
Email GeetaPablo Jorge
President
Technology M&A across the UK and Continental Europe, as an adviser and a private equity principal. CFA.
Email PabloMarco Hentschel
Executive Director
Leads coverage of Germany, Austria and Switzerland and the Financial Services and FinTech practice in Europe.
Email MarcoNuno Barros
Executive Director
Focuses on software transactions across Europe. Formerly FirstCapital and EOCPartners.
Email NunoAbhishek Vaish
Executive Director
Manages tech services and SaaS transactions in India. Formerly Goldman Sachs and EY.
Email AbhishekAsif Shahinsha
Executive Director
Over 15 years in M&A. Formerly covered biotech, pharma and digital health at Pharma Ventures.
Email AsifAkshay Sharda
Executive Director
Growth and go-to-market strategy for tech services. Formerly McKinsey & Company and Monitor Deloitte.
Email AkshayStefan Zervides
Executive Director
Mid-market IT, business services and technology deals. Formerly Grant Thornton.
Email Stefan
Laser Sector Focus
Laser Focus. Global Reach.
For more than two decades we have kept a laser focus on technology services, BPM, consulting, software and healthcare: the sectors we know best.
Deep in the Platform Ecosystems
- 12 Salesforce partner transactions
- 9 ServiceNow partner transactions
- Microsoft, Atlassian, Veeva, Temenos, AWS and Adobe partners
- IT Services
- BPM and Business Services
- Consulting and Professional Services
- Technology Platforms and SaaS
- Healthcare and Life Sciences
- FinTech and Financial Services
- Digital Transformation
- Analytics, AI and Automation
- Cloud, DevOps and Managed Services
- Engineering Services
- Cybersecurity
- Technology Platform Partners
Insights
Research That Starts at the Deal Table.
We regularly publish research on M&A and private equity activity across our focus sectors. The latest reports:
The Salesforce Partner Playbook 2027
Digital Transformation
The Roll-Up Reshaping European Software M&A
M&A Activity Report: 2023 to H1 2026
The Next Wave of System Integration
Why Cross-Platform AI Orchestration Will Define the Next Generation of Winners
The Data Foundation for Production AI
Why Enterprise-Grade Data Management Is the Defining Competitive Advantage of the AI Decade
Speak With a Banker
Start With a Confidential Conversation.
Whether you are weighing a sale, a raise or an acquisition, tell us a little about your company. A member of our team will respond promptly.
- Every enquiry is treated in confidence
- Speak to a banker who knows your sector
- No obligation, and no cost to talk
Our Offices
UK and Europe
- London 110 Bishopsgate, EC2N 4AY+44 20 7460 3770
- Paris 66 Avenue des Champs-Élysées+33 6 01 35 28 15
- Munich Gewürzmühlstraße 11+49 151 58070355
- Madrid Calle del Conde de Aranda 24+34 649 27 00 19
- Milan Via della Moscova 10+39 347 482 7508
- Stockholm Kungsgatan 8+46 70 456 47 67
- Helsinki+358 40 560 6446
North America
- New York Harborside Financial Center, Jersey City+1 646 645 0467
- California 1900 Camden Avenue, San Jose+1 646 645 0467
- Midwest 1603 Capitol Avenue, Cheyenne+1 646 645 0467
South America
- São Paulo Avenida Brigadeiro Faria Lima 3144info@thglobalcapital.com
Asia
- Mumbai Bandra Kurla Complex+91 77991 54226
- Bengaluru Concorde Towers, UB City+91 77991 54226
- Singapore 133 Cecil Street, Keck Seng Towerinfo@thglobalcapital.com
Australia
- Melbourne Level 50, 120 Collins Street+61 418 640 552
- Sydney Level 10, 68 Pitt Street+61 418 640 552