Carlyle Group Inc. is considering options for Indian information technology firm Hexaware Technologies Ltd., including an initial public offering that could raise $1 billion, according to people familiar with the matter.
Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding love -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said, asking not to be identified because the matter is private. A share sale might value Hexaware at $4 billion or more, they said. At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of India’s in 2022, according to data compiled by Bloomberg. That company’s shares slumped initially but have mostly recovered.
While an IPO is the preferred option for Hexaware, alternatives include a stake sale to an investment firm or industry peer, the people said. Considerations are preliminary and no final decisions have been made, the people said. Details on aspects such as size and value may change, they said.Hexaware provides IT and business process outsourcing services, according to its website. It also offers cloud, data and artificial intelligence services. Carlyle bought Hexaware in 2021 from Baring Private Equity Asia Ltd., which is now part of Sweden’s EQT AB.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carlyle Said to Weigh $1 Billion IPO for India IT Firm Hexaware(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and...
Read more »
BMO partners with U.S. private equity giant Carlyle Group on investment fundBank of Montreal’s asset management arm plans to launch a private equity investment fund targeting high net-worth clients around May
Read more »
Canada's BMO partners with Carlyle to launch investment fundBMO Global Asset Management's partnership is a part of BMO's push to make private markets - traditionally available to only large institutional investors...
Read more »
Carlyle Nears Advanced Talks on €1.5 Billion Thyssen Marine DealPrivate equity firm Carlyle Group Inc. is preparing to enter advanced negotiations to acquire a majority stake in Thyssenkrupp AG’s naval shipbuilding unit in a deal that could value the business at about €1.5 billion ($1.6 billion) including debt, people familiar with the matter said.
Read more »
Scotiabank, BMO brace for higher impaired loans as interest rates weigh on consumersTwo of Canada’s largest banks reported first quarter earnings Tuesday, booking higher-than-expected provisions for credit losses
Read more »
Video: ONE 166 Ceremonial Weigh-in VideoONE Championship is ready to charter new territories with ONE 166 Qatar, the organization’s debut in the Middle Eastern powerhouse. The event will go down Friday on March. 1 at Lusail Sports Arena.
Read more »