Warburg Pincus, the New York-based Private-equity firm is considering to sell its 50.12% stake in Mumbai-based BPO firm, WNS Global Services – reported Economic Times. Seven years back, Warburg had paid $40 million to acquire a 64% stake in WNS from British Airways. According to investment banking sources, the NYSE-listed back office firm is expected to fetch a valuation of approximately $800 million, providing Warburg with an exit payout of $400 million.
Warburg is engaged in informal discussions with other private equity players such as Boston, Massachusetts-based Bain Capital and New York-based Blackstone Group for this transaction. It has also been reported that some Information technology giants like Cognizant are also interested in this deal and due diligence is likely to commence over the next few days.
Warburg said: The firm is bound by internal operational policies that does not allow discussion of its investment activities in its portfolio companies in India. Warburg Pincus is unable to share any comments on your queries regarding WNS, reported the newspaper.
