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KKR seeks to log out from Aricent, its oldest investment in India

KKR seeks to log out from Aricent, its oldest investment in India

Finance
MUMBAI: US private equity giant KKR is in early talks with strategic and financial investors including American late-stage tech investor Silver Lake Partners and Accenture to sell its oldest India investment, Flextronics Software, now known as Aricent, for about $ 1.5 billion. KKR has mandated JP Morgan to run a formal process and the investment bank has reached out to French technology giant Capgemini to buy a controlling stake in the Santa Clara, California-based technology firm, multiple sources in the know told ET. The deal, if successful, will mark KKR’s exit from its oldest investment in an India-focused company. When contacted, KKR and Capgemini declined to comment. Accenture and Silver Lake did not return mails seeking comments till the time of going to press. Founded in 1991 ...