InvestorQ : Is Baring Private Equity selling its Hexaware stake to Carlyle?
Anu Biswas made post

Is Baring Private Equity selling its Hexaware stake to Carlyle?

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Ria Jain answered.
3 months ago
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In fact, a number of big names like Carlyle, KKR and Bain Capital are in the fray to buy out the controlling stake in Hexaware Technologies held by Baring Private Equity. As per latest reports, it does look like Carlyle has emerged as the preferred bidder for the Baring Private Equity stake in Hexaware Technologies. The deal is expected to be worth around $3 billion and the controlling stake had been bought by Baring PE in 2013 for $420 million.

Hexaware, was originally promoted by Atul Nishar, and was known by the name of Apple before it was sold out to private equity players. Hexaware provides automation, cloud and customer services-related solutions to a variety of sectors that include BFSI, manufacturing, design and hospitality. Its client base is spread across 30 countries and the company had total revenues of $845 million in the last fiscal year.

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