June 2007
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PE groups on the prowl for Indian IT & BPO cos?

After years of silence, private equity groups are back on the prowl for Indian IT and BPO companies. Here’s why buyout firms are back to cutting deals. Flush with cash, private equity firms are gunning for deals in the Indian IT and BPO industry. After leading private equity firm Blackstone picked up an 80% stake in BPO firm Intelenet, rival PE firms like 3i and Carlyle are said to be in the race for Citigroup's BPO arm. [...]