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Carlyle Group, HCL BPO exit race to buy Scandent

Sources informed CNBC-TV18 that two suitors – private equity investor Carlyle Group and HCL BPO have both backed out of the race to buy Scandent. The Scandent Group, owner of BPO and IT firm Cambridge Solutions may soon have to look for new suitors. According to sources, both bidders HCL BPO and Carlyle Group have backed out of the deal. The reasons for the deal falling through are not yet known. […]

Private Equity: Growth agents or predators?

The eighties, in the US saw companies being taken over, financed by risky debt issuances known as junk bonds. Ivan Boesky and Mike Milken, were the leading perpetrators of this mish mash of leveraged buyouts and insider information based arbitrage … […]