The Indian subsidiary of Madison Street Capital has acquired a minority stake in Radiance Corporate Solutions. Financial terms weren’t disclosed. Lucknow, India-based Radiance provides specialized training, recruitment, and personnel outsourcing services.
Madison Street Capital India Pvt. Ltd. (MSCI) , the Indian subsidiary of the international investment banking firm Madison Street Capital (MSC), has assumed a minority stake in Radiance Corporate Solutions Pvt. Ltd. The announcement was made by Charles Botchway, Chief Executive Officer of MSC.
“We asked Madison Street Capital to come on board and help us achieve exponential growth,” said Aparna Mishra, Managing Director of Radiance. “Madison’s expertise will assist us in enhancing and streamlining our corporate strategies to accelerate our growth. We’ve had a fruitful advisory relationship with MSC, and given the positive results we’ve experienced by having them as our advisors, we’re excited to have them as our equity partners We also look forward to the significant contributions that Radiance will receive by having MSCI in our boardroom,” she added.
Based in Lucknow, India, Radiance provides specialized training, recruitment, and personnel outsourcing services. The firm has recently ventured into related areas such as specialized training and development in education and rural governance projects in Uttar Pradesh and other states In Northern India. The 50-person enterprise is executing a strategic expansion plan based on project commitments from corporate and government clients.
“We have been tracking Radiance for some time and watching their new business development initiatives and proactive communication towards adopting best practices,” said Jaydip Sinha, Managing Director at MSCI. “They have succeeded in bringing specialized services to corporate and governmental institutions, along with streamlining of adequate human capital to perform those services.” Sinha said MSCI is well-equipped to help Radiance achieve its objectives. “We chose to pick up an equity stake and to serve on the Board of Radiance,” he said. “This enables us extend our expertise and leverage our international resources to help them attain their strategic goals.”
About Madison Street Capital, LLC
Headquartered in Chicago, Madison Street Capital is an international investment banking firm that provides mergers and acquisition advisory, financing services, valuation and financial opinion services, and restructuring services to public and private companies including asset managers. MSC has focused expertise in partnering with middle-market firms to successfully navigate complex transactions and successfully assist clients in optimizing their potential. MSC’s experienced professionals serve clients across the globe from offices in North America, Asia, and Africa. For more information, call Madison Street Capital at (312) 529-7000 or visit www.madisonstreetcapital.com .
About Radiance Corporate Solution Pvt. Ltd.
Radiance provides services through in three business divisions — Specialized Training and Development, Recruitment, and Outsourcing of Human Capital in Business Processes – that serve the needs of a broad range of clients in private industry, government, and education. Coordinated training and development programs are undertaken in higher grades of professional communication, behavioral skill sets, and skill development programs. Its recruitment practices are tailored to specialized fields including engineering, IT, BPO, and fast-moving consumer goods. Radiance also serves as the exclusive recruitment agency for multiple companies in Northern India. For more information, visit their website at www.radiancecorp.co.in .