Mphasis acquisition talks hit impasse as Carlyle refuses to log in
SECTIONS
Share
Synopsis
Negotiations between Blackstone Group and Carlyle Group for the biggest technology acquisition in India have hit a bump as Mphasis’ share price continues to soar.
Agencies
The valuation mismatch between seller Blackstone and sole bidder Carlyle may force the stake sale process to get scrapped.
Mumbai/Chennai: Negotiations between Blackstone Group and Carlyle for the biggest technology takeover in India have hit a bump as
Mphasis’ share price continues to soar, people involved in the matter said.
Differences in valuations resulted in Carlyle walking away at least temporarily after
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
To read this story please register
PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.
PA offers:
MULTI-ASSET: discover the latest trends in multi-asset
FUTURE OF ADVICE: helping you shape your strategy with the latest expert opinion and case studies
TECHNOLOGY: learn about the latest solutions, with case studies and the views of experts such as Adam Higgs
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
We ll soon meet in your inbox.
Please wait.
ETtech
Other Suitors
ET had on Jan. 4
reported that Brookfield, Bain & Co, Carlyle and Permira were queueing up for a likely $3 billion Mphasis buyout. They are still in the race, but a decision is yet to be taken, one person aware of the matter said.
It is possible that two of the contenders might team up to make a bid, and some of the limited partners of these funds Abu Dhabi Investment Authority (ADIA) or GIC of Singapore may step in as well, said sources close to Blackstone. Permira has opted out. Goldman Sachs PE, according to another source, has also shown last-minute interest to be part of a consortium and is said to have offered a minimum of $500 million funding commitment.