Quatrro seeks buys in BFSI space

Firm readies about $300 million war chest

NEW DELHI: Raman Roy promoted Quatrro BPO Solutions is eyeing opportunities to acquire companies, which includes financial domain whose valuations have tanked due to the global slowdown and financial instability.

Raman Roy chairman and director, Quatrro BPO told DNA Money the company has about $300 million of funding for acquisitions. “We are in talks with some firms now, but I can not disclose anything further at the moment,” he added.

The firm is looking to acquire firms in banking and finance (BFSI), legal and retail verticals to expand their presence.

Roy said, “The financial meltdown is an opportunity for us, we are the largest outsourced foreclosure Indian firm. The current valuations of some financial firms have tanked and it is a good time for some acquisitions.”

He said the company is also looking to raise further capital of “around $300-$400 million” to add on to its war chest, but nothing has been finalised yet. Negotiations are still on for further fund raising.

However, details of the names of the investor or the valuation of the firm could not be confirmed immediately.

In its recent transaction, the Gurgaon-based firm acquired UK-based Babel Media, an online gaming and interactive entertainment services provider for $100 million. Quatrro and the D E Shaw group funded the deal with a mix of debt and equity. Babel has offices in Brighton, Los Angeles, Montreal and New Delhi.

vivek_s@dnaindia.net