carlyle

HDFC thinks different, won’t require additional funds

28 jun 2007

Housing Development Finance Corporation has raised Rs.3100 crore by selling stakes to Citigroup Inc. and CMP Asia, a Carlyle unit. This is after 12 years that HDFC raised funds and does not foresee further capital requirement for next 3 years.

Citigroup may hive off its BPO arm to a PE investor

19 jun 2007

After the Blackstone-HDFC-Barclays BPO deal, another big player Citigroup is in talks to sell 80% stake in its BPO arm Citigroup Global Services (formerly eServe International). The deal could be all-cash worth $700-750 million (Rs2,870-3,075 crore), valuing it at around $0.95billion.

Patni takeover – more players join the fray

06 jun 2007

After rumours of two Patni brothers selling out their 28% stake to a clutch of foreign PE players, now another PE player, UK based Apax partners has jumped into the fray and wants to buy stake of 2 promoter brothers and General Atlantic’s 16% stake for over $800 million, valuing the company at around Rs.

Patni Computer family battle may lead to new partner

18 may 2007

The corporate battles are being foight inside homes these days rather than in closed-room offices. After the recent Bajaj division and Reliance demerger, another family owned IT company – Patni Computer Services is on verge of being restructured.