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SMP focuses on supporting portfolio companies to achieve rapid growth and operational efficiencies. SMP’s team combines a unique mix of deep entrepreneurial, operating and investing experience which has resulted in
IAF I portfolio companies witnessing a CAGR (Compounded Annual Growth Rate) greater than 40%.
Business: Integrated lifecycle management for IT, Consumer Electronics, Telecom and Electronic Security businesses
Transaction type: Buyout, non-intermediary sourced; Investment from Oct 2007 to Jul 2010 in multiple tranches
SMP refocused inTarvo on core verticals and customers, entered high growth businesses, realizing revenue CAGR of 45% and IRR of 53%
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Situation |
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SMP Value Add |
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Results
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- Founded in 1995 by technology domain experts
High growth potential
- Revenues grew 50x from 2000
- 2007
Three rounds of venture funding
- Marquee customers like IBM, HP, Toshiba, Avaya, Samsung, Ericsson, Honeywell, Nokia Siemens
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- Refocused inTarvo on key business verticals; developed detailed business plans
- Entered global repair centre and e-waste businesses
- Established KPIs and risk management practices
- Realigned sales team to focus on high value contracts
- Initiated implementation of ERP system and HR strategy
- Improved overall transparency and corporate governance
- Raised debt for working capital
- Actively evaluating synergistic acquisitions and joint ventures
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- Total value of SMP investment has grown at 52% IRR of which SMP has realized
$4.5 milion
- inTarvo attracted rounds of funding from New Enterprise Associates (NEA) and IDFC Asset Management to support sustained growth and enter new lines of business
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Testimonial |
| “SMP offered a very unique opportunity to seek a part exit from our venture that we started 14 years ago, and yet continue to have the privilege of being an entrepreneur. We had been in discussions with various strategic corporations for different options, but the compelling value proposition offered by SMP was a deal clincher." |
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Mr. Shammi Moza
Ex - Chairman and Managing Director
inTarvo Technologies Limited |
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