Business Standard

Friday, December 20, 2024 | 12:23 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Outsourcer iEnergizer Ltd in discussions on sale to buyout firm BPEA

iEnergizer offers customer management and custom content development services, according to its website

Baring Private Equity Asia
Premium

Discussions with BPEA are ongoing, and there’s no certainty they will lead to a deal, iEnergizer said.

Bloomberg
iEnergizer Ltd., the digital content and business process outsourcing company, said it’s in preliminary talks about a potential sale to buyout firm Baring Private Equity Asia.

The London-listed company is undertaking a review of strategic options “in order to maximize value for all existing shareholders,” it said in a statement Thursday, confirming an earlier Bloomberg News report. Discussions with BPEA are ongoing, and there’s no certainty they will lead to a deal, iEnergizer said.

BPEA has until July 7 to announce a firm intention to bid for iEnergizer, according to the statement. Shares of the Guernsey-based company jumped as much as 9.1%

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in