Mphasis reportedly may witness management buyout given that a Consortium is eyeing HP’s stake in Mphasis. The Consortium which may be led by senior management of Mphasis and PE players, are supposedly gearing up funds worth $1.4 billion for the buyout.
Further, PE players Carlyle, Blackstone and Bain may be part of this consortium, while Aberdeen may join consortium to hike stake in Mphasis. Aberdeen Global currently holds 14.96% stake in Mphasis.
Mphasis is a $1 billion global service provider, delivering technology based solutions to clients across the world. Mphasis services clients in banking and capital markets, insurance, manufacturing, communications, media & entertainment, healthcare & life sciences, transportation and logistics, retail and consumer packaged goods, energy & utilities, and governments around the world.
