PE FUND HENDERSON EQUITY PARTNERS IN TALKS TO EXIT IPE GLOBAL
British private equity (PE) fund Henderson Equity Partners has started talks to sell its stake in Delhi-based development consulting firm IPE Global Ltd, two people aware of the development said.
Henderson has hired Axis Capital to find buyers for its stake, the first of the two persons said, adding that the fund has started talks with PE funds and strategic investors.
“The fund is looking to get around Rs.150-200 crore for its over 20% stake in the company. They are looking at a valuation of up to Rs.800 crore,” this person added, requesting anonymity as the talks are private.
According to the second person cited above, Henderson started looking for a buyer after IPE Global shelved its plan to sell shares to the public.
“The company was last year working on a plan to go public. The initial public offering (IPO) was supposed to be the exit route for Henderson. They had also hired a couple of investment banks for the same. However, that plan was shelved later as they realized that it was early for the company to go public,” he said, requesting anonymity.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 21,000 Members, Free/Easy/Comfortableway
British private equity (PE) fund Henderson Equity Partners has started talks to sell its stake in Delhi-based development consulting firm IPE Global Ltd, two people aware of the development said.
Henderson has hired Axis Capital to find buyers for its stake, the first of the two persons said, adding that the fund has started talks with PE funds and strategic investors.
“The fund is looking to get around Rs.150-200 crore for its over 20% stake in the company. They are looking at a valuation of up to Rs.800 crore,” this person added, requesting anonymity as the talks are private.
According to the second person cited above, Henderson started looking for a buyer after IPE Global shelved its plan to sell shares to the public.
“The company was last year working on a plan to go public. The initial public offering (IPO) was supposed to be the exit route for Henderson. They had also hired a couple of investment banks for the same. However, that plan was shelved later as they realized that it was early for the company to go public,” he said, requesting anonymity.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 21,000 Members, Free/Easy/Comfortableway
