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ChrysCapital leads $53m Series B for LiquidHub

26 Mar 2014

philadelphia ben franklin bridge_sqPrivate equity firm ChrysCapital has led a $53m Series B round for LiquidHub, which will support the digital integrator’s growth plans including potential mergers and acquisitions.

ChrysCapital said that this was its largest cross-border investment.

The Philadelphia-based company, which operates in north America, Asia and Europe, has more than doubled its revenues in the last three years.

ChrysCapital managing director Sanjay Kukreja said, “As we began looking to expand our investment portfolio in the US technology sector, we saw that LiquidHub’s management team has built one of the largest practices in the digital transformation space using cloud, analytics and mobile technologies.

“These disruptive technologies represent the fastest growing areas within the IT services sector and have become top of mind for CIOs and CMOs globally. We are confident that LiquidHub’s leadership position will allow it to gain from this shift in IT spend.”

ChrysCapital has raised $2.5bn across six funds and invested more than $2bn in more than 65 deals.

Last November it was reported that ChrysCapital-backed Indian drug maker Intas Pharmaceuticals was considering scrapping its public listing amid decade-low IPO valuations in the country.

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