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Fly News Breaks for April 17, 2015
IGTE
Apr 17, 2015 | 09:03 EDT
The Business Standard reported private equity investor Apax Partners is in early talks to sell its 29% stake in iGATE and IT service providers Capgemini and Atos have both shown interest. UBS assumes a 30% premium, before any synergies, and similar 16%-18% PBT accretion for both Capgemini and Atos in 2016/2017. The firm said Capgemini would get additional cash tax benefits and views Atos as a less likely buyer.
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