Mumbai: Giant Private Equity Baring Asia, which has a Hexaware Technologies software company, is set to choose a $ 3-billion bid from the Carlyle Group for city-based companies, according to someone with direct knowledge of this problem.
The Carlyle Group – Washington-based multinational private equity, alternative asset management and financial services giant – set to PIP bulge-bracket private equity giants such as Bain Capital, KKR and Teleperformance Outsourcer based in Paris.
These entities have submitted binding bids in mid-August.
If the agreement is realized, it will be the biggest deal in the domestic software service room.
“Baring is set to go with a $ 3 billion Carlyle Group offer, because it is much higher than other offers, which is around $ 2.5 billion,” one of the investment bankers who negotiate the agreement and advise the sales side with the terms of anonymity, because the problem is personal and not finished yet.
The agreement will be closed immediately, he added.
A spokesman Hexaware refused to comment on the problem was personal.
The email sent to Carlyle Asia’s headquarters on Saturday did not get a response until it went to the press.
Atul K Nishar, founder and chairman, has launched Hexaware in 1990 in Mumbai and, in 2013, selling the majority shares to the Asian Baring PE for RS 1,687 Crore with an open offer for other 26% for RS 1,058 Crore more, totaling Agreement of Rs 2,745 Crore , and then completely out of the company but still the chairman.
In November, 100% praised in the company.
After taking Hexaware Private in November 2020, at the end of April this year, Bering puts the company in the block.
Carlyle previously previously managed to pursue Mphasis, who finally went to Blackstone but fell through the mismatch assessment.
Carlyle can buy hexaware for $ 3 billion
