Global finance sector giant Carlyle Group, also known to be an American multinational private equity, alternative asset management and financial services corporation that specializes in private equity, real assets, and private credit is reported to have emerged as the preferred bidder for Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal.
According to reports, if the deal goes through Carlyle would be winning a competitive bidding process against peer firms including KKR & Co and Bain Capital, as well as French company Teleperformance SE for the Mumbai-headquartered IT services firm.
BPEA bought a controlling stake in Hexaware in 2013 for about $420 million and took the company private from the local stock exchanges late last year. Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing.
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With 37 offices in more than 30 countries, the company’s revenue grew 6.5% year on year in 2020 to $845 million in U.S. dollar terms, according to its annual report.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 24.4% to 11 billion rupees in 2020.
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
India will chair the Common Criteria Development Board from April 2026, gaining influence over international IT security certification standards recognised by 38 countries.
