Baring Asia Set To Accept $3 Billion Carlyle Offer For Hexaware Technologies


Private fairness large Baring Asia, which owns the software program agency Hexaware Technologies, is ready to select the $3 billion supply from the Carlyle Group for the city-based firm, in line with an individual with direct data of the matter. 

The Carlyle Group – the Washington-based multinational non-public fairness, various asset administration and monetary companies large with over $260 billion in property below administration and specialising in non-public fairness, actual property, and personal credit score – is ready to pip bulge-bracket non-public fairness giants corresponding to Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance and is almost definitely to be the winner with round $3 billion bid.

All these bidders had submitted binding bids by mid-August. If the deal is materialised will probably be the largest deal within the home software program companies house.

“Baring is ready to go together with the Carlyle Group’s $3 billion bid, because it’s a lot increased than the opposite bids that are round $2.5 billion solely, one of many funding bankers negotiating the deal and advising the sell-side advised.

(PTI)




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