CCI give nod for Carlyle's bid for Hexaware

Carlyle Group’s bid to acquire Baring Private Equity Asia's (BPEA) Indian portfolio Hexaware Technologies has been approved by the Competition Commission of India. The deal is expected to be in the range of $3 billion.

In 2013, BPEA bought a controlling stake in Hexaware for about $420 million and took the company private from the local stock exchanges late last year.

Hexaware is a provider of automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing. However, migration to the Cloud is a complex journey.

Hexaware Technologies is currently enabling organizations to seamlessly transition from the new normal to the next. “Leveraging the power of big data, artificial intelligence (AI) and robotic process automation (RPA), we have created three unique platforms to transform customer experiences, while generating substantial cost savings that can be reinvested in strengthening the core business," the company said in its annual report 2020.