Wizarth Advisors Acts as the Sole Advisor to TES – Electronic Solutions for the Sale of TES-PV to Mindtree Consulting

MindTree Consulting, the global IT and R&D Services Company has acquired TES Electronic Solution’s India-based VLSI business unit. TES is a global electronics design and manufacturing services company.

Mumbai, India, December 30, 2007 --(PR.com)-- Wizarth Advisors announced today their role as the sole M&A advisor representing TES Electronics Solutions in this transaction. Wizarth is a boutique M&A and Investment Banking Firm, focused on cross border transactions in the knowledge-services industry.

According to Michel Desbard, the Chairman and Chief Executive Officer of TES, “TES wants to focus on growing and developing its embedded hardware and software capability in India as part of our overall Custom Design and Manufacturing strategy. In this context, Wizarth’s expert advice and assistance for the sale of TES’s IC design and validation activities to MindTree was invaluable.”

About Wizarth: Wizarth Advisors is a boutique M&A and Investment Banking and Advisory firm focused on cross-border transactions in the Knowledge-services industry. Their primary location is in Mumbai, India, and they have a corporate presence and partner relationships in the US and Europe. Their key strength is that their team brings strength and expertise in technology, software services, off-shoring, outsourcing, corporate finance, and operations, to bear on achieving superior results for their clients. For more information about them, their services, and the transactions they have closed, please visit them at http://www.wizarth.com/ or contact them by email at “deals_info [at] wizarth [dot] com”.

About TES: TES Electronic Solutions is a global electronics services company offering a blend of innovation and custom design and manufacturing solutions for a wide variety of technologies. TES designs customer specific systems or components that are both tailored to a customer’s application and can include TES licensable IP which accelerates a customer’s time to market. TES has expertise in the design of analog and digital integrated circuits, wireless systems and components, embedded software, hardware and complete system solutions. The company has delivered solutions to blue-chip companies worldwide from its 17 design centers and its manufacturing sites in France and in Penang.

Wizarth Advisors
Jiten Apte