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Carlyle Emerges As Frontrunner in Race to Acquire Hexaware: ET


PE firm Baring Private Equity Asia's 91.6% stake in India's IT major Hexaware is up for grabs. Photo: Hexaware.

 

(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.

 

Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.