PE firms talking to banks for Indian acquisition

By Shruti Chaturvedi
23 Oct 2014

Private equity firms are sounding out banks for a loan to finance their purchase of a stake in Indian firm CMS Info Systems from Blackstone, which is currently the majority owner.

Bankers did not disclose the size of the loan being sought but said about one third to half of the deal would be funded via a loan. They reckoned the valuation was likely to come in between $300m and $400m and that it could be equivalent to ...

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