PE-backed Manipal Global considers stake sale – report
Several PE firms and UK media conglomerate Pearson are reportedly considering a stake purchase in Manipal Global. The transaction would facilitate the exits of IDFC Private Equity and Capital International, which together hold more than 12% of the company.
Citing sources directly involved with the development, The Times of India said Apax Partners and Baring Asia have expressed interest in Manipal Global but discussions have yet to proceed. Pearson, meanwhile,...
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