KKR to buy Firstsource controlling stake ?
SOURCE: Reuters
DATE: Arpil 13th, 2010
KKR is looking to buy a controlling stake in Firstsource, an India based BPO provider. Firstsource has ownership stake from ICICI bank, Singapore based Temasek holdings and US based Metavante. Firstsource which has grown by acquisitions is like a lot of the other mid size BPO vendors in India, where it is trying to figure out ways to grow and scale a business. Some of their acquisitions they have made have been done at a higher valuations than what the market expected. Firstsource investors have been looking at ways to exit the firms for some time now.
ICICI looking to sell stake in FirstSource
Firstsource – going from growth to slow
KKR in talks for control of Firstsource: sources
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