D.E. Shaw to sell holdings in Security & Intelligence Services - reports
Security & Intelligence Services (SIS), a New Delhi-based private security provider backed by global PE firm D.E. Shaw, reportedly aims to raise $100 million by selling shares to a private equity firm, coming as the company looks to expand its operations and decrease its high-cost debt.
Reports have not identified potential bidders but confirm the probability that D.E. Shaw will divest its holdings. D.E. Shaw took a 14% stake in SIS for around $75 million in 2008, and it is undisclosed...
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