Bain Capital to buy 30% stake in Genpact for $1b
Bain Capital has agreed to buy 30% of Indian business process outsourcing (BPO) company Genpact from Oak Hill Capital and General Atlantic (GA) for $1 billion. The sellers will still own 10% of the firm when the deal closes.
Bain will acquire 68 million shares at $14.76 apiece, subject to a two-and-a-half year lock-up, Genpact said in a statement on Wednesday. The price represents a 14% discount to the company's Wednesday...
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