AGC Partners is pleased to announce that its client, HCL Technologies, an Indian publicly traded global IT services company, has agreed to divest its CapitalStream division to Linedata Services, a French publicly traded provider of software solutions and services to investment management and credit industries worldwide. Headquartered in Seattle, CapitalStream is a leading provider of commercial loan origination software and services targeting banks and other financial organizations in the U.S. and Canada. As a part of the transaction, HCL will maintain an on-going outsourcing relationship with Linedata. the transaction is expected to close in the first quarter of 2013. With a team led by Dennis Rourke and Ben Howe, AGC Partners acted as sole financial advisor to HCL.
We are very grateful for the hard work and dedication with which Dennis, Ben and the rest of the AGC team managed this complex cross border transaction. Their global reach and expertise, as well as their ability to effectively articulate the Company’s value proposition, led to the successful divestiture of HCL’s CapitalStream business and a new strategic relationship with the buyer. We look forward to working with the AGC team again in the future.