Announced
Completed
Financials
Sources
Tags
Single Bidder
India
Privatisation
Software
Friendly
Acquisition
Majority
Public
technology solutions
Private Equity
Completed
Synopsis
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.
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