ibex draws acquisition interests from private equity firms
Business Process Outsourcing (BPO) firm ibex Holdings Ltd. is reportedly attracting a number of takeover interests from several private equity firms, one of which is CVC Capital Partners.
In a report first published by Bloomberg, CVC is speaking to banks about financing a potential bid. Anonymous sources also confirmed that the two parties are still deliberating on the transaction, and there is no certainty that this will result in a formal sale.
ibex’s shares rose by 55% in New York trading this year, attracting the interest of buyout firms. Currently, the company’s market value is $366 million.
Businessman and The Resource Group (TRG) Founding Partner Mohammed Khaishgi is ibex’s biggest shareholder.
