Blackstone joins Baring in wait to exit profitable India IT

Blackstone joins Baring in wait to exit profitable India IT investment


Blackstone joins Baring in wait to exit profitable India IT investment
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Blackstone Group LP had struck a neat deal when it bought a majority stake in Mphasis Ltd in 2016
(Bloomberg)
Five years after Blackstone bought a stake in Mphasis, it is sitting on profits of 300% on investment
Baring has been struggling to find a buyer for its stake in Hexaware, even after 7 years of acquisition
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Blackstone Group LP had struck a neat deal when it bought a majority stake in Mphasis Ltd in 2016. The deal was at a 30-35% valuation discount to similar-sized companies such as Mindtree Ltd and Hexaware Ltd. Now, almost five years after it announced the deal, it is sitting on profits of nearly 300% on the investment. But as of now, it is just on paper.

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, Black Stone , Emphasis , Private Equity Firm , Pe Firms , Hexaware , Baring , கருப்பு ஸ்டோந் , ப்ரைவேட் பங்கு நிறுவனம் , பே நிறுவனங்கள் , பாரிங் ,

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