Blackstone-backed IT services player Mphasis announced the acquisition of Blink UX, a user experience research, strategy, and design firm headquartered in Seattle, with over 130 employees for a consideration of $94...
CCI approves BCP Topco, other entities’ acquisition of stake in Mphasis
The Competition Commission has given its nod for the proposed acquisition of a stake in IT company Mphasis by BCP Topco, Waverly Pte and Platinum Owl. The proposed transaction pertains to the acquisition of up to 75 per...
Blackstone to buy controlling stake in Mphasis for up to $2.8 billion
Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC...
Blackstone is said to call off Mphasis stake sale on valuations
Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter. The private equity firm...
Mphasis acquisition talks hit impasse as Carlyle refuses to log in
Negotiations between Blackstone Group and Carlyle for the biggest technology takeover in India have hit a bump as Mphasis’ share price continues to soar, people involved in the matter said. Differences in valuations...
Carlyle emerges sole bidder to acquire Mphasis from Blackstone
Private equity Carlyle Group has emerged as the sole bidder to acquire Blackstone Group-owned Mphasis Ltd., in what would be the largest buyout in the Indian IT industry, said multiple people involved in the deal. The...
Carlyle emerges frontrunner to acquire Mphasis from Blackstone
Private equity firm Carlyle Group has emerged as a probable frontrunner to acquire Mphasis Ltd. from Blackstone Group, in what could be the largest buyout in the Indian IT space, according to people familiar with the...
Mphasis Consulting acquires UK-based Datalytyx for up to 13.3 million pounds
IT firm Mphasis on Thursday said its subsidiary Mphasis Consulting has acquired UK-based Datalytyx for up to 13.3 million pounds (about Rs 130.4 crore). The acquisition is expected to provide access to strengthen...
Blackstone pumps Rs 525 crore in Mphasis to buy more stake
Private equity giant Blackstone Group is consolidating its position in IT services firm MPhasis Ltd by acquiring additional stake, taking advantage of the fall in share price. Blackstone has acquired 4.01% stake in...
Mphasis acquires US-based Stelligent for $25 million
Mid-size information technology company Mphasis Friday announced acquisition of a US-based technology services player Stelligent for $25 million in an all-cash deal. Established in 2007, the Reston, Virginia...
Blackstone unit sells 8% stake in Mphasis for about Rs1,440 crore
Private equity firm Blackstone Group LP on Monday sold an 8% stake in its portfolio company Mphasis Ltd for about Rs1,440 crore. Blackstone sold a total of 15.2 million shares through its unit Marble II Pte Ltd...
HP’s MPHASIS to Blackstone’s MPHASIS – What’s Next?
DEAL Mphasis had acquired USA based Digital Risk LLC in 2013. Digital Risk is one of the largest independent providers of Risk, Compliance and Transaction Management solutions to the United States mortgage market. The...