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THE CARLYLE GROUP INC.

(CG)
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Carlyle : preferred bidder for Baring PE's Hexaware in $3 billion deal, sources say

08/30/2021 | 07:30am EDT
FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo

HONG KONG (Reuters) - Global private equity firm Carlyle Group has emerged as the preferred bidder for Baring Private Equity Asia's (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, two people with knowledge of the situation said.

If successful, Carlyle would be winning a competitive bidding process against peer firms including KKR & Co and Bain Capital, as well as French company Teleperformance SE for the Mumbai-headquartered IT services firm.

Hong Kong-based BPEA, Hexaware and a Carlyle spokesman declined to comment.

BPEA bought a controlling stake in Hexaware in 2013 for about $420 million and took the company private from the local stock exchanges late last year.

Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing.

With 37 offices in more than 30 countries, the company's revenue grew 6.5% year on year in 2020 to $845 million in U.S. dollar terms, according to its annual report.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 24.4% to 11 billion rupees in 2020.

(Reporting by Kane Wu; Additional reporting by Rama Venkat in Bengaluru; Editing by Edmund Blair)

By Kane Wu


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TELEPERFORMANCE SE -0.94% 357.1 Real-time Quote.31.63%
THE CARLYLE GROUP INC. 0.85% 55.63 Delayed Quote.75.45%
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Analyst Recommendations on THE CARLYLE GROUP INC.
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Financials (USD)
Sales 2021 3 591 M - -
Net income 2021 - - -
Net cash 2021 2 964 M - -
P/E ratio 2021 -
Yield 2021 1,80%
Capitalization 19 860 M 19 860 M -
EV / Sales 2021 4,70x
EV / Sales 2022 3,98x
Nbr of Employees 1 825
Free-Float 61,3%
Chart THE CARLYLE GROUP INC.
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The Carlyle Group Inc. Technical Analysis Chart | CG | US14316J1088 | MarketScreener
Technical analysis trends THE CARLYLE GROUP INC.
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 55,63 $
Average target price 60,69 $
Spread / Average Target 9,10%
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Managers and Directors
Kewsong Lee Chief Executive Officer & Director
Robert R. Schmidt Managing Director
Curtis L. Buser Chief Financial Officer
William E. Conway Executive Co-Chairman
David M. Rubenstein Executive Co-Chairman
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