Genpact Announces Agreement for Bain Capital Partners to Buy $1 Billion of Shares from Existing Sponsors
Genpact Limited (NYSE: G), a global leader in business process management and technology services, today announced that affiliates of Bain Capital Partners have agreed to purchase approximately 68 million Genpact common shares from entities affiliated with General Atlantic (GA) and Oak Hill Capital Partners for $14.76 per share, or approximately $1 billion. Closing of the transaction will take place after payment to all shareholders, including GA and Oak Hill Capital, of the special dividend of $2.24 per share announced by Genpact today.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.