By Pan Yue
11 Mar 2021
Asia’s leveraged buyout loan market is facing a setback after a planned financing to back the acquisition of Mphasis, an Indian IT services firm, was scrapped as discussions between the buyer and seller fell through.
GlobalCapital Asiareported in January that Toronto-based Brookfield, the US’s Carlyle Group and Bain Capital, and UK investment firm Permira were bidding to acquire a 56% stake in Mphasis from Blackstone. The 56% acquisition would have triggered an open offer that would have allowed the winner to
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