Page 30 - Azentio Software News Today : Breaking News, Live Updates & Top Stories | Vimarsana

th December 2020, the Apax X Fund (LON:APAX), in which AGA is a limited partner, announced that it had entered into a definitive agreement to acquire the Software Products business from 3i Infotech, a global information technology company. The transaction is expected to close in early 2021, subject to shareholder and regulatory approvals. On a look through basis, AGA is expected to invest approximately €5.4m in the newly formed company, which will be named Azentio Software. Note that these figures relate to AGA’s look through position of Apax X’s overall investment in Azentio Softw...

29 December 2020 | 07:16am StockMarketWire.com - Investment company Apax Global Alpha said it had acquired the software products business from 3i Infotech, and sold its stake in Boats group to funds advised by Permira. The company said it expected the acquisition of the software products business from 3i Infotech to close in early 2021 and planned to invest €5.4 million in the newly formed company, which would be named Azentio Software. The sale of the company's stake in Boats group, an online marketplace and provider of software solutions for the recreational marine industry, was exp...

At meeting held on 28 December 2020The Board of 3i Infotech has considered and approved the slump sale of the global software products business of the Company (including its worldwide subsidiaries) on a going concern basis to Azentio Software (and its affiliates), subject to receipt of requisite approvals and executed inter alia a business transfer agreement between the Company and the Buyer on 28 December 2020 (BTA). The sale is expected to close by 31 March 2021. The aggregate consideration expected to be received is up to Rs 1000 crore for the software business (in and outside of India)...

IT services firm 3i Infotech on Monday said that the company’s software product business has been acquired by private equity firm Apax Partner for a consideration of about Rs 1,000 crore. The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore. According to the joint statement issued by 3i Infotech and Apax partner, the software products business will be acquired by a newly formed company named Azentio Software, wholly-owned by the Apax Funds. The transaction, subject to shareholder approval and r...