December 2008
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Serco Acquires 60% Stake In Indian BPO InfoVision For GBP 13.3 Mln

Serco Group Plc , an international services company, said it acquired 60% stake in InfoVision Group, a business process outsourcing company in India, for INR 977 million or GBP 13.3 million in cash. With this acquisition, Serco said it entered into the domestic Indian BPO market and that it intends to launch its brand, both in BPO and as a service provider. Further, the Group stated that outsourced BPO service market is expected to grow around US$1.8 billion over the next five years. Christopher Hyman, Chief Executive of Serco, said, that the company's market entry promises excellent opportunities as India is a substantial, fast-growing economy. […]

LPs still keen on private equity

Investor commitment to private equity as an asset class has not wavered, Coller Capital's latest Global Private Equity Barometer finds. The vast majority of LPs (97 per cent) will maintain or increase their allocations to private equity. A total of 40 per cent plan an increased allocation, a proportion unchanged since the boom years. All that is despite the fact that two thirds of LPs will have little or no 'headroom' for new fund commitments by this time next year, according to the Barometer. North American LPs will be particularly stretched, with 28 per cent of them expecting to be over their allocations by December 2009. […]

Foreign investors eye stake in India's RCom: report

US and European telecoms groups and other investors are in talks to buy up to a 26 percent stake in India's Reliance Communications, a report said Thursday. The Economic Times, a leading Indian financial daily, said foreign investors were in discussions to take a 20-to-26 percent holding in India's second-largest cellular operator, which is led by tycoon Anil Ambani. The deal would hinge on whether Reliance Communications, known as RCom, can get a premium over its current share price, the newspaper said, citing an unidentified banker with knowledge of the discussions. […]