(AF) The US-based private equity group Carlyle has offered $3 billion (Rs.225bn) to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia, emerging as a frontrunner in the race, reported the Economic Times on Thursday.
With this bid, Carlyle trumped competition from Bain Capital and Paris-based technology company Teleperformance, which were also shortlisted for the final round of negotiations through their binding offers submitted on Monday, the newspaper added. Full story: The Economic Times.