Approved · Waiver · decided in 23 days, 13 Feb 2026
Global technology services provider Coforge Limited is acquiring digital engineering services company Encora. As consideration, Encora's sellers, indirectly owned by Advent International private equity funds, will acquire a non-controlling minority interest in Coforge. This share acquisition is in the technology sector.
Coforge Limited ( Coforge ) proposes to acquire Encora US Holdco, Inc. and Encora Holdings Limited (together, Encora ). As consideration, Encora Holdco Limited and AI Altius Parent ( Cayman ) Limited (together, the Sellers) propose to acquire a non-controlling, minority interest in Coforge. Coforge is a global technology services and solutions provider based in India. Coforge offers a broad range of technology consultancy services and solutions to business customers. Coforge operates across 25 countries, including Australia. Encora is a global digital engineering services company specialising in supplying a narrow subset of technology consultancy services and solutions to business customers (namely, software product development). Encora is based in the United States and operates across a number of countries globally, with a limited presence in Australia. The Sellers are indirectly owned by private equity funds managed and/or advised by Advent International, L.P. and/or its affiliates ( Advent ). Advent is a private equity investment firm based in the United States. Advent is focused on equity stakes and the management of investment funds in various sectors, including healthcare, industrial, technology, retail, consumer, and business and financial services.