Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (₹22,500 crore), said people in the know.
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Suitors line up to acquire Hexaware Technologies in $2.5-billion deal
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Private equity firms Bain Capital, Carlyle Group and KKR & Co., as well as French outsourcer Teleperformance SE, are in fray to acquire Hexaware Technologies for $2.5 billion from Baring PE Asia in potentially the largest IT deal in India.
Agencies
Mumbai | Pune: Private equity firms Bain Capital, Carlyle Group and KKR & Co. are in the fray to acquire Hexaware Technologies Ltd. for $2.5 billion from Baring Private Equity Asia in potentially the largest IT services buyout in the country. Financial investors are on the prowl for scaled technology sector assets to take advantage of rising corporate IT spending on cloud services across the US and Europe.
Suitors line up to acquire Hexaware Technologies in $2.5-billion deal
SECTIONS
Share
Synopsis
Private equity firms Bain Capital, Carlyle Group and KKR & Co., as well as French outsourcer Teleperformance SE, are in fray to acquire Hexaware Technologies for $2.5 billion from Baring PE Asia in potentially the largest IT deal in India.
Agencies
Mumbai | Pune: Private equity firms Bain Capital, Carlyle Group and KKR & Co. are in the fray to acquire Hexaware Technologies Ltd. for $2.5 billion from Baring Private Equity Asia in potentially the largest IT services buyout in the country. Financial investors are on the prowl for scaled technology sector assets to take advantage of rising corporate IT spending on cloud services across the US and Europe.
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