Global PE fund, Blackstone has picked up a minority stake in Kerala-based IBS Software for $170 million..The fund has purchased the stake from its peer investor General Atlantic who is making more than twice its investment made in 2007 in the company, reports ET..Shardul Amarchand Mangaldas acted for Blackstone with a team led by Partner Raghubir Menon along with Principal Associate Anirban Bhattacharya and Associates Deepa Rekha, Radhika Chavda and Brinda Shroff..Cyril Amarchand Mangaldas acted for IBS Software with a team led by Bangalore Partner Reeba Chacko and Nagavalli G..AZB & Partners acted for General Atlantic with a team led by Mumbai Partner Nilanjana Singh..Khaitan & Co acted as legal counsel to Moveo Systems Private Limited..General Atlantic invested $60 million in IBS, a travel, transportation and logistics technology provider in 2007. It makes roughly two times its investment in IBS through this exit. Blackstone also bought out other individual shareholders and will now own around 35% stake in the company, according to ET.
Global PE fund, Blackstone has picked up a minority stake in Kerala-based IBS Software for $170 million..The fund has purchased the stake from its peer investor General Atlantic who is making more than twice its investment made in 2007 in the company, reports ET..Shardul Amarchand Mangaldas acted for Blackstone with a team led by Partner Raghubir Menon along with Principal Associate Anirban Bhattacharya and Associates Deepa Rekha, Radhika Chavda and Brinda Shroff..Cyril Amarchand Mangaldas acted for IBS Software with a team led by Bangalore Partner Reeba Chacko and Nagavalli G..AZB & Partners acted for General Atlantic with a team led by Mumbai Partner Nilanjana Singh..Khaitan & Co acted as legal counsel to Moveo Systems Private Limited..General Atlantic invested $60 million in IBS, a travel, transportation and logistics technology provider in 2007. It makes roughly two times its investment in IBS through this exit. Blackstone also bought out other individual shareholders and will now own around 35% stake in the company, according to ET.
