Carlyle in talks with Prizm for controlling stake – report
The Carlyle Group is reportedly in advanced talks with Sequoia-backed Prizm Payments, India's leading electronic payments service providers, for a controlling stake in the company. The deal is said to value Prizm at $225-250 million, which is equivalent to 2.5-3 times its turnover last year.
The transaction will see Sequoia exit Prizm, three people with knowledge of the developments told The Economic Times, adding that Carlyle may end up with 70-80% stake. Last August, Sequoia put another...
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