Apax buys stake in Indian IT player Zensar, Electra exits
Apax Partners has acquired a 23.2% stake in India-based Zensar Technologies for $129 million, providing an exit for Electra Partners, which has been an investor in the business since 1997.
Zensar provides software development services to large corporations, on site or from outsourcing centers in India. Controlled by RPG Enterprises - one of India's largest industrial conglomerates - the...
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