TPG-backed AGS Transact plans up to $216.6 million IPO

AGS Transact Technologies, partly owned by US private equity firm TPG Capital, plans an up to Rs 1,350 crore ($216.6 million) initial public offering, according to a term sheet of the deal seen by Reuters on Wednesday.

The company plans to raise up to Rs 400 crore by issuing new shares, while TPG and other shareholders would raise up to Rs 950 crore selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed.