The buyout firms are looking to invest between $500 million and $750 million in Yes Bank, depending on the final valuation, sources said
The sale could happen through a combination of primary capital infusion or a secondary stake sale or a combination of both
IT services firm Zensar Technologies posted a strong set of second quarter numbers, clocking profit of Rs 91.34 crore on revenues of Rs 758.65 crore.
Marina Holdco, a company backed by funds advised by Apax Partners has acquired 23.2 percent stake in the company from Electra Partners Mauritius.
UK-based private equity firm Apax Partners is all set to acquire a 23.3 percent stake in Zensar Technologies.
In this interview, Shashank Singh of Apax Partners spoke about India's macroeconomic landscape, Apax‘s investment approach and sectors that PE fund is bullish on.
Private equity firm Apax Partners LLP sold half its stake in Apollo Hospitals Enterprise Ltd , India's largest hospital chain, to Oppenheimer Funds Inc for about Rs 523 crore.
Shares in Apollo Hospitals Enterprise fell as much as 11.4% in opening trade a day after a source said brokerage CLSA is selling its stake for USD 135 million.
iGate is likely to accept the Patni delisting offer, reports CNBC-TV18 quoting sources.
Kinetic Concepts Inc, a maker of medical devices used in wound care, agreed to a USD 5 billion cash buyout from private equity firm Apax Partners and two leading Canadian pension funds.
Apax Partners is expected to throw its weight behind one of the bidders who will be interested in buying some brands of Henkel India, primarily in the laundry and personal care segments, reports Business Standard.
KKR and Apax Partners are eyeing majority stake in WNS, reports CNBC-TV18 quoting sources. It is learnt that Warburg Pincus that owns 48.6% in WNS is planning to open the bid for stake sale in March.
Shares of Patni Computer Systems have lost 13% of their value in the past six months, underperforming the IT index, as the firm has been growing at a much slower rate than its peers.
One of the largest deals in the IT industry has been inked. US software firm iGate, backed by private equity firm Apax Partners, acquired a majority stake in Patni Computer for USD 862 million. CNBC-TV18 Managing Editor Udayan Mukherjee says that now that the deal has struck, there is a lot of hard work involved in making the entity work.
Indian jewellery firm Gitanjali Gems is in "advanced talks" with two private equity players to raise up to USD 100 million, and hopes to close a deal by February, a top official said on Wednesday.
The board of software services firm Patni Computer Services was planning to meet, a source said, where it is expected to evaluate a deal to sell a majority stake to a consortium of iGate and Apax Partners in a deal worth more than $900 million.