Hyndland Partners acted as exclusive financial advisor to Siddharth Balwani and the shareholders of PECOPP Pest Control Services Pvt. Ltd. (“PECOPP”) on its acquisition by Rentokil Initial plc (“Rentokil”).

Founded in 1970 by Chandru Balwani, PECOPP has grown over more than five decades into one of India’s largest independent pest control businesses. Under the stewardship of Siddharth Balwani since 2006, the business expanded to 10 branches across 5 states, employing approximately 200 people. PECOPP serves a broad and loyal customer base across residential and commercial markets, and has administered termite control to more than 35,000 buildings in Mumbai alone. More recently, the company developed Digital PECOPP, a proprietary technology platform integrating real-time monitoring, automated alerts, and data analytics to deliver more precise and efficient pest management at scale.

Rentokil’s acquisition accelerates its presence in India’s fast-growing pest control market and adds a business with deep brand equity, an experienced executive team, and proprietary technology. International revenue for the group now exceeds £1.9 billion, and global revenue exceeds £5 billion.

Rentokil had approached PECOPP directly on several occasions over the past decade. Our mandate was to ensure that any transaction was executed on terms that fully captured the business’s value. Hyndland Partners designed and led the process from the outset, advising on positioning, financials, and the structure of the negotiations, ensuring Siddharth and the shareholders engaged from a position of strength.

Siddharth Balwani commented: “PECOPP has been a family business at its core, and I have spent my career building it into what it is today. Choosing the right partner for its next chapter was a decision I approached with great care. Hyndland Partners understood that from the outset. They delivered a process that was both rigorous and competitive, while remaining thoughtful and aligned with what mattered most to us beyond the transaction itself. I am deeply appreciative of the quality of their advice and their commitment throughout.”

Hyndland Partners acted as financial advisor to the Daxtra Group (“Daxtra”), a leading provider of AI-enriched talent acquisition software, in securing a majority growth investment from Strattam Capital (“Strattam”).

Daxtra, founded in 2002 by Andrei Mikheev and Steven Finch, has pioneered AI-driven software for the talent acquisition ecosystem. Its technology is mission-critical to over 2,500 clients that recruit on a global scale. Last year alone, Daxtra processed over 1 billion resumes across 40 languages. It supports customers globally via offices in Europe, North America, and Asia-Pacific.

Strattam has more than $1bn in assets under management, and most recently announced a third fund of $308 million. It typically makes majority growth investments in companies with up to $100m in enterprise value. This flagship investment in Daxtra underscores Strattam’s commitment to supporting high-growth, innovative companies. Furthermore, its track record in HR and recruitment technology positions Daxtra to capitalise on growing demand in North America.

Andrei Mikheev commented, “The investment by Strattam will allow us to accelerate growth in North America, while continuing to provide the superior customer service and great products that our customers expect.”

Jonathan Busch, Principal at Strattam Capital, added, “We’re excited to partner with Andrei and Steve to help bring their differentiated products to the wider world. Strattam’s mission is to work with great founders who have built great businesses, and the Daxtra team has proven again and again over their 20 years that advanced AI technologies can be harnessed effectively and safely to solve real world problems.”