HCL Acquires Urban Fulfillment Services

HCL
Urban Fulfillment Services

HCL Acquires Urban Fulfillment Services

Sunil Grover, Managing Partner
sgrover@truebluepartners.com
(669) 231-8770

Deal Financials

Deal size: $30m cash + earnout for 100% shares
EV/ ’16 Revenue: 0.6x

 

Transaction Overview

  • On April 24, 2017, HCL Technologies announced its acquisition of Urban Fulfillment Service LLC in an all cash deal
  • UFS, a subsidiary of Urban Lending Solutions aka Valuation Connect, provides mortgage business process outsourcing and fulfillment services in the US
  • UFS generated $48m in revenue in 2016 and had been undergoing restructuring over the last few years

 

Recent HCL Acquisitions


 

Comparable Transactions of Mortgage Solution Providers

 

About True Blue Partners, LLC
True Blue Partners is a boutique M&A advisory firm that serves lower mid-market enterprise software and IT service companies, and provides its clients with over 20 years and of investment banking and technology business operations experience. It’s founders have extensive experience on all sides of a deal as a financial advisor, private investor, and founder operator, which allows for a unique perspective into the challenges and needs that companies face within the lower mid-market.

 

*Subject to undisclosed earnout