DK Business Network
QBurst has raised ₹495 crore through a listed, rated, secured NCD issuance to support a strategic acquisition. The proceeds will fund Multiples Alternate Asset Management’s controlling stake purchase in QBurst Technologies.
TT&A advised Nomura and HSBC, who acted as initial debenture holders and structuring advisors for the deal. HSBC also served as the arranger, supporting the structure and placement of the NCDs. The transaction team consisted of Sonali Mahapatra (Partner), Nidhi Rani (Partner), Kishan Kumar (Associate) and Rajeev Dadhich (Associate).
Anagram Partners represented Multiples in the acquisition, marking one of its largest control investments in the tech services sector. The founding team of QBurst will continue to lead and hold a significant stake.
The $200 million deal reflects confidence in QBurst’s growth and global reach. Founded in 2004, QBurst has over 3,000 professionals and operations spanning North America, Europe, the Middle East, Japan, and India.
QBurst is known for its digital product development and enterprise solutions, including AI, data analytics, and cloud services. This investment is expected to accelerate its scale and deepen Multiples’ presence in the digital transformation space.
Instagram: Click here
LinkedIn: Click here
For Collaboration and Business: dkbusinessnetwork@gmail.com
