Baring PE Asia completed the acquisition of Hexaware Technologies for $422m.

Baring PE Asia, a private equity firm, offered to acquire Hexaware Technologies, a provider of management and technology solutions, for $422m. Baring, which held a 62.4% in Hexaware through HT Global IT Solutions as of March 31, has offered to acquire the remaining stake in the company and take it private. The de-listing will provide Baring greater operational flexibility to support Hexaware. It will also help save costs and allow the management to dedicate more time and focus on the company’s business.