FAIRFIELD-SUISUN, CALIFORNIA
PE firm Apax to acquire 3i Infotech’s software products business for Rs1,000 cr [Mint, New Delhi]
Dec. 29—MUMBAI — IT services company 3i Infotech on Monday said that its board has approved the slump sale of its global software products business to private equity firm Apax Partners for a sum of Rs1,000 crore.
The software products business will be acquired by a newly formed company named Azentio Software, wholly owned by Apax. The transaction, subject to shareholder approval and relevant regulatory approvals, is expected to close in early 2021, the company said.
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