AION Cap to buy BPO firm InterGlobe for US$230m
According to a report in The Economic Times, AION Capital Partners is acquiring InterGlobe Technologies for US$230 million. AION Capital Partners is a joint venture between global private equity player Apollo Global Management and ICICI Venture. InterGlobe Tech is the IT & back office arm of InterGlobe Enterprises. It provides global services in travel, transportation and hospitality sectors. InterGlobe Enterprises is also the parent company of Indian airline, IndiGo. It was revealed in the report that the deal was signed this week and is likely to be announced soon. Private equity investors Blackstone, Carlyle, Everstone and Partners Group were previously reported to be interested in a deal along with IT firm Tech Mahindra. InterGlobe Technologies competes with operators like NIIT Technologies and Accelya.
Read more at The Economic Times.
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