Apax, Bain in race for $1.4b Genpact stake
Apax Partners and Bain Capital are reportedly competing for the 41% stake in Indian business process outsourcing (BPO) company Genpact being sold by Oak Hill Capital and General Atlantic (GA). The stake is valued at $1.4 billion, which could make this the biggest ever BPO deal.
Morgan Stanley and Citigroup have been hired to run the sales process, and the incumbent management team is planning on backing the new stakeholders on their entry in the company, according to the Times...
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