TPG and its portfolio company Altimetrik have proposed the acquisition of SLK Software, a global provider of digital transformation services, with special focus on AI-first engineering, intelligent automation, and advanced analytics.

The acquisition is expected to create a next-generation digital engineering services company with combined capabilities in AI, data, and platform engineering, serving global enterprise clients across financial services, manufacturing, and healthcare.

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Parties Involved

AZB Advisory Team

Corporate & M&A Team:

• Vaidhyanadhan Iyer – Senior Partner

• Bhuvana Veeraragavan – Senior Partner

• Raina Kanungo – Senior Associate

• Shivam Gupta, Avani Laad – Associates

Due Diligence Team:

• Nandan Pendsey – Partner

• Nishanth Ravindran – Partner

• Sana Nagar, Anushka Pemmaya, Akriti Kapoor Kalra, Rhea Ghanshani – Senior Associates

• Tamanna, Khyati Kapoor – Associates

Competition Law Team:

• Bharat V Budholia – Senior Partner

• Vayshnavi Ganesh – Senior Associate

• Khushi Agarwal – Associate

Financing Team:

• Ishan Handa – Partner

• Ashnee Desai – Senior Associate

AZB & Partners provided comprehensive support including structuring, due diligence, competition law advisory, regulatory filings, and transaction documentation.

Key Transaction Highlights

• This acquisition will integrate SLK Software’s AI and automation strengths with Altimetrik’s engineering and platform capabilities.

• The combined entity is expected to deliver large-scale digital transformation initiatives for Fortune 500 clients.

• It positions TPG-backed Altimetrik as a serious player in the global AI-first engineering services market.

Strategic Significance

• The transaction reflects TPG’s broader investment strategy focused on technology-led transformation.

• It enables Altimetrik to expand both geographically and in terms of service capabilities, especially in high-growth areas like AI, data-driven automation, and real-time analytics.

• SLK Software brings domain expertise in financial services and operations automation, which will enhance Altimetrik’s delivery strength in regulated industries.

Why It Matters

This is a landmark deal in the Indian technology services landscape, underscoring:

• The increasing consolidation among mid-sized digital and IT services firms.

• A clear move by private equity to build AI-native platforms that can serve global enterprise needs.

• The critical role of deep legal due diligence and multi-disciplinary advisory in high-value tech M&A deals.

From a legal standpoint, this transaction involved:

• Complex cross-border structuring.

• Robust IP, data, and regulatory due diligence.

• Merger control analysis and competition law filings, reflecting growing scrutiny in digital sector combinations.

• Sophisticated debt structuring and financing support.

About the Parties

TPG is a global alternaive asset manager with a strong track record in healthcare, technology, and growth capital investments.

Altimetrik is a rapidly growing digital business enablement company focused on platform engineering, data modernization, and agile transformation.

SLK Software is a digital transformation and technology solutions firm, recognized for its work in intelligent process automation, AI, and data analytics, serving major global enterprises.

The proposed acquisition of SLK Software by Altimetrik, backed by TPG, marks the formation of a digital engineering powerhouse built on AI and automation.

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.