Biggest deals in the past 30 days: N.V. Tiger Tyagarajan
US private equity (PE) firm Bain Capital will buy a 30 per cent stake in
outsourcing company Genpact Ltd for $1 billion (Rs 5,525 crore).
US private equity (PE) firm Bain Capital will buy a 30 per cent stake in outsourcing company Genpact Ltd for $1 billion (Rs 5,525 crore). It will purchase some 68 million common shares of Genpact at $14.76 (Rs 815.49) apiece from two other PE firms, General Atlantic (GA) and Oak Hill Capital Partners - the combined stake of these two entities is expected to subsequently decline to 10 per cent.
Genpact CEO N.V. Tiger Tyagarajan has also announced a special dividend of $2.24 (Rs 123.76) per share, which is being considered as a payback for GA and Oak Hill Partners.
While the deal paves the way for Genpact's existing PE investors to reduce their stake, for Bain Capital it is part of a larger strategy to invest $150-250 million (Rs 830-1,380 crore) annually in India in the near future. Bain Capital will have a lock-in period of two-and-a-half years for its shareholding in Genpact.
Genpact began operations in 1997 as an India-based computerservices unit of General Electric Co. (GE) that assisted the US firm's finance division. About a quarter of its revenues still come from GE.
Ernst & Young is a leading M&A advisor in India. The data is based on media reports and company announcements. Any decision on the basis of this information should be taken only after professional advice. Business Today or E&Y do not take any responsibility with regard to such a decision.
*July 17 to August 13, 2012 Not a complete list
Genpact CEO N.V. Tiger Tyagarajan has also announced a special dividend of $2.24 (Rs 123.76) per share, which is being considered as a payback for GA and Oak Hill Partners.
While the deal paves the way for Genpact's existing PE investors to reduce their stake, for Bain Capital it is part of a larger strategy to invest $150-250 million (Rs 830-1,380 crore) annually in India in the near future. Bain Capital will have a lock-in period of two-and-a-half years for its shareholding in Genpact.
Genpact began operations in 1997 as an India-based computerservices unit of General Electric Co. (GE) that assisted the US firm's finance division. About a quarter of its revenues still come from GE.
Ernst & Young is a leading M&A advisor in India. The data is based on media reports and company announcements. Any decision on the basis of this information should be taken only after professional advice. Business Today or E&Y do not take any responsibility with regard to such a decision.
*July 17 to August 13, 2012 Not a complete list
