While InterGlobe Enterprises is seeking a valuation of $400 million to divest its stake in its technology unit, KKR is in talks to acquire Ramky Enviro Engineers.
InterGlobe seeks $400m valuation for tech unit stake sale
According to the sources cited in the report, global private equity majors such as Blackstone Group, Apax Partners and Partners Group, or their portfolio companies like Mphasis and Zenzar Technologies, could be interested in acquiring the stake. The sale process could also attract the attention of BPO majors like WNS, it added.
It was reported last year that global private equity firm Capital International was close to picking up a 37 per cent stake in the IT services firm.
KKR in talks to acquire Ramky Enviro Engineers
Private equity giant KKR is in discussions to acquire Ramky Enviro Engineers, the waste management arm of Ramky Group, for around Rs 3,200 crore, according to a report in The Economic Times quoting sources.
As per the sources cited in the report, KKR is looking to acquire 100 per cent of the company from existing private equity investor Standard Chartered IL&FS PE and Ramky promoters.
“KKR has entered into an exclusivity arrangement and is discussing the final contours of the deal,” said one of the sources cited in the report.
Private equity firms Brookfield, CDC and Blackstone, and some Japanese strategic investors were also reportedly in the fray for the acquisition.