iEnergizer, BPEA discussing an acquisition
Digital content and Business Process Outsourcing (BPO) company iEnergizer Ltd is in preliminary talks about a potential sale to investment firm Baring Private Equity Asia (BPEA).
In a statement, iEnergizer said that it is undertaking a review of strategic options “in order to maximize value for all existing shareholders.”
The United-Kingdom-based outsourcing agency added that BPEA has until July 7 to announce a firm intention to bid for iEnergizer.
Shares of the Guernsey-based company jumped as much as 9.1% on Thursday, June 9 — their largest since February — after Bloomberg News reported their plans for a sale.
They were up 8.1% at 1:06 p.m. in London, giving iEnergizer a market value of £810 million ($1 billion).
iEnergizer is reportedly working with an adviser to gauge interest from potential bidders. Anil Aggarwal, iEnergizer’s founder and chief executive officer, is the controlling shareholder, according to its annual report.
iEnergizer offers customer management and custom content development services, according to its website. Founded in 2000 in India, the company employs more than 22,000 people across nine delivery centers worldwide. Its customers are based primarily in the US and India.
