INSUBCONTINENT EXCLUSIVE:
Carlyle Group has become favored bidder for Hexaware TechnologiesGlobal private equity company Carlyle Group has actually become the favored
bidder for Baring Private Equity Asia's (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, 2 people with understanding of
the scenario said.If effective, Carlyle would be winning a competitive bidding process against peer firms consisting of KKR - Co and Bain
Capital, as well as French business Teleperformance SE for the Mumbai-headquartered IT services firm.Hong Kong-based BPEA, Hexaware and a
Carlyle representative decreased to comment.BPEA bought a managing stake in Hexaware in 2013 for about $420 million and took the business
private from the local stock market late last year.Hexaware provides automation, cloud and consumer services-related innovation to a wide
variety of industries including financing, education, hospitality and manufacturing.With 37 workplaces in more than 30 nations, the
company's earnings grew 6.5 percent year on year in 2020 to $845 million in United States dollar terms, according to its annual report.Its
revenues prior to interest, taxes, depreciation and amortisation (EBITDA) grew 24.4 per cent to Rs 1,100 crore in 2020.
