INSUBCONTINENT EXCLUSIVE:
BPEA purchased a controlling stake in IT services firm Hexaware in 2013 for about $420 millionBaring Private Equity Asia (BPEA) has
shortlisted bidders including Bain Capital and French business Teleperformance SE for its India portfolio firm Hexaware Technologies in an
offer that could fetch almost $3 billion, sources said.Also in the race are private equity firms KKR - Co and Carlyle Group, stated the 4
individuals with knowledge of the offer, who declined to be called as the info is confidential.BPEA has actually shortlisted a handful from
around 10 preliminary quotes to continue to the next round, which is due in about a month, said the sources
Quotes made for Hexaware varied from $2.5 billion to near $3 billion, they said.Hong Kong-based BPEA, Bain, KKR and Carlyle decreased to
Hexaware and Paris-based Teleperformance, which offers business services, did not right away respond to requests for comment.BPEA bought a
controlling stake in IT services firm Hexaware in 2013 for about $420 million and took the company private from the regional stock exchanges
late last year.Mumbai-headquartered Hexaware provides automation, cloud and client services-related technology to a wide range of industries
including financing, education, hospitality and manufacturing.With 37 workplaces in over 30 nations, the company's profits grew 6.5%
year-on-year in 2020 to $845 million in United States dollar terms, according to its annual report.Its earnings before interest, taxes,
devaluation, and amortization (EBITDA) grew 24.4 per cent to 11 billion rupees in 2020.(This story has actually not been edited by
TheIndianSubcontinent personnel and is auto-generated from a syndicated feed.)
