Baring Private Equity Asia affiliated funds to acquire Virtusa in US$ 2bn deal
Click here to read full article from source
Sri Lanka, Sept. 11 -- Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia, and Virtusa Corporation, which employs over 3, 000 software engineers in Sri Lanka, yesterday announced a definitive merger agreement under which funds affiliated with BPEA will acquire all outstanding shares of common stock of Virtusa for US$ 51.35 per share in an all-cash transaction valued at approximately US$2.0 billion, US media reports said.
Virtusa Corporation, founded in Sri Lanka 18 years ago and later became a multinational firm with a listing on the US NASDAQ, is a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the c...
To read the full article or to get the complete feed from this publication, please Contact Us