A clutch of strategic suitors and bulge bracket private equity funds have been shortlisted for the ongoing sale process of InterGlobe Technologies ( now IGT Solutions) owned by private equity major Apollo Global Management, multiple sources in the know told Moneycontrol.
“ Around 5 players have been shortlisted for the next stage of the deal. French outsourcing major Teleperformance SE, Mumbai-based global BPO firm WNS Limited, KKR, PAG and Barings PE Asia are through and in the race now for acquiring the travel and hospitality focused IT & back-office player ” said one of the persons above.
On December 2nd, Moneycontrol was the first to report that the leading BPO and digital services firm had been put on the block by Apollo Global Management which had mandated investment banks Barclays and JP Morgan to find a buyer.
The report had added that IGT Solutions was also seeing growth in segments beyond travel and hospitality.
A second person con
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