Four take on $250m LBO funding for Hexaware

By Rashmi Kumar
12 Sep 2013

Four banks are underwriting a loan of between $200m and $250m to finance Baring Private Equity Asia’s leveraged acquisition of a stake in Indian company Hexaware Technologies.

Crédit Agricole, Deutsche Bank, Investec and Standard Chartered are the underwriters of the facility, which will be split between a term loan and a bridge loan, said a banker. The tenors have not yet been finalised.

The leads are also considering bringing in two or three more banks ...

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