Patni deal delayed - reports
Following initial reports that private equity consortium Apax Partners and iGate had been selected to buy a 63% stake in IT services firm Patni Computer, besting a rival bidding team led by the Carlyle Group and Advent International, latest reports suggest that the deal may be delayed.
Apax and iGate flagged the situation after cancelling a briefing that was expected to be the deal’s announcement. The companies involved did not immediately provide a reason for cancelling the event....
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