J. Sagar Associates (JSA) advised and assisted Multiples Alternate Asset Management Private Limited (“Multiples”) in relation to its acquisition of majority of the shareholding of PeopleStrong. Multiples Private Equity Fund II LLP And Plenty Private Equity Fund I Limited invested in a combination of a secondary sale and primary capital infusion of approximately INR 400 crores

Prior to this round, PeopleStrong had received institutional funding in various rounds from NarotamSekhsaria family office backed-Lumis Partners and HDFC Holdings. Multiples will now constitute the controlling majority post this transaction.

PeopleStrong has over 175 customers. Its key offerings include SaaS-based HR Technology PeopleStrong Alt — powered by mobile app and artificial intelligence, recruitment process outsourcing, and human capital managementMultiples PE has over USD 1 billion under management.

The JSA team was led by PartnerAarthiSivanandh and Principal Associate Bhavana Elizabeth Alexander along with Associates Bharath Sridhar, KayalManivannan, AnuGanesan and Sahana Chandrika.