BDA Advises R Systems on Its Majority Acquisition by Blackstone
Summary
New York, NY, November 17, 2022 --( PR.com )-- BDA Partners is pleased to announce that private equity funds managed by Blackstone (“Blackstone”) have signed definitive agreements with Satinder Singh Rekhi and other current promoters (“Promoters”) to purchase a majority stake in R Systems International Limited (“R Systems”), a specialised Digital Product Engineering services firm listed on the Indian stock exchanges. R Systems is a partner of choice for enterprise customers, with a strong suite of capabilities in software product engineering, artificial intelligence, data analytics, the Internet of things (IoT), robotic process automation and cloud. We expect to keep increasing our market share in the US–India corridor.”Manoj Balwani, Managing Director and Head of Technology, India, BDA, said, “The adoption and acceleration of Digital Engineering is at an all-time high across enterprises. We are a premium provider of Asia-related advice to sophisticated clients globally, with over 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul, and Tokyo.