Carlyle preferred bidder for Baring PE's Hexaware in $3 bn deal: Report

Topics Carlyle Group | Baring PE | Hexaware

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.

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