Brookfield, Bain, Carlyle & Permira queue up for likely $3 billion Mphasis buyoutFour funds short-listed after initial bids, diligence ongoing before binding offers next month.
04 Jan, 2021, 07.29 AM IST
Mphasis owner Blackstone raises $500 million in bond saleInformation technology company Mphasis has raised $500 million by selling dollar bonds.
15 Jun, 2017, 06.47 PM IST
Blackstone, HP wrap up $1-billion Mphasis dealWhen contacted, Blackstone declined to comment, while HP and Mphasis were not immediately available for a comment.
02 Sep, 2016, 06.13 AM IST
Mphasis CEO promises to ensure that its decentralised leadership style survives post Blackstone dealMphasis had identified 17 executives in the rung below its ten-member executive committee and empowered them to take decisions without high...
15 Apr, 2016, 09.06 AM IST
With $1-bn Mphasis buy, Blackstone makes its boldest bet in IndiaEdging past peer Apollo Global Management — the other serious contender — Blackstone on Monday signed a definitive agreement with HPE.
05 Apr, 2016, 05.34 AM IST
Blackstone to buy Mphasis in deal worth as much $1.1 billionHP Enterprises owns about 60.5% of Mphasis’ shares. Blackstone said it had agreed to pay Rs 430 per share to the US technology company.
04 Apr, 2016, 12.57 PM IST
PE firms Blackstone, Apollo close in on Mphasis for a billion dollar buyPrivate equity buyout firms Blackstone and Apollo Global Management have emerged as strong contenders to acquire IT services company Mphasi...
10 Mar, 2016, 04.00 AM IST
Blackstone, Apollo in race with Tech Mahindra to acquire MphasisBlackstone and Apollo are in the race to acquire Mphasis after HP revived plans to sell its controlling 60.4% stake in the subsidiary.
04 Feb, 2016, 04.00 AM IST
IT rivals, PEs in fray as HP kicks off $1 bn Mphasis exitHewlett-Packard Enterprises holds 60.5% stake worth around $1 billion in Mphasis and accounts for 34% of the Bengaluru-headquartered compan...
11 Jan, 2016, 12.45 PM IST
Mphasis revenue continues to fall as HP weakness hurtsAs the technology giant has struggled to win deals globally, the amount of work flowing through to its Indian unit has also dropped.
30 Oct, 2014, 01.14 PM IST
Hewlett Packard stalls $1 billion MphasiS stake saleTroubled PC maker Hewlett Packard (HP) has stalled a move to sell its 60% stake in Indian IT services firm MphasiS.
16 Jul, 2013, 11.03 AM IST
Ex-executives may face off to buy MphasiSThe past and the present leadership of MphasiS may face off in a takeover bid for the IT services company with revenues of over $1 billion.
21 May, 2013, 11.20 AM IST
HP eyes $1 billion sale of MphasiS stakeHP's move is said to attract the interest of buyout private equity funds like TPG Capital, Carlyle Group and Advent, they added.
26 Apr, 2013, 10.10 AM IST
- Private equity firms sniff deal, MphasiS CEO 'not tempted'
MphasiS management has been battling declining orders from the parent, piling up pressure on the share price which has slumped 40% in the l...
25 Mar, 2013, 07.11 AM IST
- EDS says HP won’t need to make offer for MphasiS
Shares of IT services firm MphasiS declined nearly 2% on Thursday after the co said HP will not be required to make a tender offer to its s...
23 May, 2008, 01.32 AM IST
- EDS buyout could spell boon for Mphasis shareholders
Shareholders of domestic IT firm Mphasis could soon see another open offer being made to them with its US-based parent company EDS on Tuesd...
13 May, 2008, 08.48 PM IST
- Kanbay deal likely to trigger IT M&As
In a bid to boost their presence in India, MNCs could be scouting for more buys over the next 12 months.
30 Oct, 2006, 02.23 AM IST