Kirkland & Ellis has represented Baring Private Equity Asia (BPEA) in a US$600 million facility in connection with the redemption of the US$367.9 million of notes issued by HT Global IT Solutions Limited, a Mauritius entity owned by BPEA that owns 62% of Hexaware Technologies (NSE: HEXAWARE), a leading global IT consulting and digital solutions provider listed on the Bombay Stock Exchange and National Stock Exchange, and funding of the take-private of Hexaware.
The take-private, together with the refinancing, is valued at approximately US$2 billion, will be the first successful delisting from the Indian stock exchange since December 2018 and one of the small number of take-private transactions in India by a private equity sponsor.
The Kirkland team was led by debt finance partner Manas Chandrashekar with assistance from capital markets partner Antoine Lebienvenu.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
