 "Investors ride on good returns from IT outsourcing firms")
Private equity investors have made good returns on their bets on IT outsourcing firms. Apax Partners, which sold 48 per cent stake in Global Logic to Canada Pension Plan Investment Board, is likely to make a three-fold return on its three-year-old investment of $430 million in 2013.
The deal value was not disclosed, but media reports peg the value at $1.5 billion (Rs 10,235 crore). This is not the first deal where Apax Partners would walk away with a three-fold return on its investments. It made a similar return when it sold IGate to Capgemini for $4 billion. It had
