Midcap IT company Mphasis is down over 3 percent in trade on Thursday because of the concerns around the deal that is taking place.
Carlyle is a key contender and a lot of companies, which have been in the fray for the $ 3 billion transaction, could have step aside especially because of the valuations. The expectations from the seller Blackstone side have been on the higher side.
On the other hand, it is a large ticket size, but Carlyle has been aggressive on India and is only bidder for this particular company.
Source: CNBC
Can’t stop reading? Read more
Ares posts strong Q3 results with record fundraising and 28% AUM growth
Ares posts strong Q3 results with record fundraising and 28% AUM growth Ares Management...
Top private equity news of the week
Top private equity news of the week Andreessen Horowitz has led a $150m funding round in San...
Burnley FC and Espanyol parent ALK Capital lands $200m from Cynosure | Checketts Sports Capital
Burnley FC and Espanyol parent ALK Capital lands $200m from Cynosure | Checketts Sports Capital...