Baring Asia set to accept USD 3 bn offer for Hexaware

The Carlyle Group - the Washington-based multinational private equity, alternative asset management and financial services giant with over $260 billion in assets under management and specialising in private equity, real assets, and private credit - is set to pip bulge-bracket private equity giants such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance and is most likely to be the winner with around $3 billion bid. 

All these bidders had submitted binding bids by mid-August. If the deal is materialised it will be the biggest deal in the domestic software services space.