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Baring Private Equity Asia To Buy Controlling Stake In Hexaware Technologies Ltd-Reuters


Friday, 23 Aug 2013 02:51am EDT 

Reuters reported that Baring Private Equity Asia is set to buy a controlling stake in Hexaware Technologies Ltd for about $400 million. The deal is expected to be approved by the Hexaware board as early as August 23, 2013. A spokeswoman for Hexaware did not have immediate comment. Baring will roughly buy a 42% stake in Hexaware from the Indian company's founders and private equity investor General Atlantic. It will then have to make a mandatory tender offer for up to 26%. 

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