Carlyle to acquire USD200m stake in UST Global

UST Global, a California-headquartered IT services firm, is reportedly in the final stages of negotiations with private equity investor Carlyle Group for a possible stake acquisition. Initial reports said Carlyle Group is in talks to pick up a minority stake in UST Global for USD200m. The deal further shows that outsourcing and technology services continue to attract significant capital. Sources said a definitive agreement could be signed within a few weeks. A provider of IT and business process outsourcing services, UST Global has offices in US, India, Mexico, UK, Malaysia, the Philippines, Singapore, and Poland.