Sequoia makes headlines, exits Pangea3 to Reuters
Sequoia Capital has sold its Indian early-stage investee Pangea3, a legal process outsourcing (LPO) business, to media and information conglomerate Thomson Reuters, in a deal that local media estimate is worth anywhere between $40-100 million.
While the key players in the deal have not disclosed the pricing details, the estimated value of Pangea3 – regardless of the wide range of the appraisals – represents a high multiple of return for...
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