Carlyle, the private equity firm, has recently announced that it is negotiating with Deutsche Bank, Barclays, Nomura, Standard Chartered Bank, and Canada Pension Plan Investment Board to take over funding. JP Morgan is also likely to join the consortium.
The company plans to fund its bid to acquire Blackstone-owned Mphasis Limited. With this deal, Carlyle is emerging as a budding frontrunner to buy the IT services company and could be a major buyout in the industry.
In this matter, Blackstone does not agree only with Carlyle to be the bidder and hence, it indicated to keep the competition on-going to maximize its value.