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Hexaware keen on US/ Europe acquisition
Hexaware Technologies Ltd plans to buy an information technology company in Europe or the US for $20-$40 million (Rs 90-180 crore), according to its Executive Chairman, Mr Atul Nishar.
On choosing a private equity (PE) than at other funding options, including FCCB (foreign currency convertible bonds), debt, global depository receipts, India offering and private placement, Mr Nishar said a PE company adds value to the company's strategies. For instance, General Atlantic supported the company's recent acquisition and would continue to do so in the second.
The PE company also acts as a reference, if required, for a large deal; brings bring global best practices in areas of interest and has have a board representation (a person from the US), which was important to tap the American market, he said.
