Baring Private Equity buys off Hinduja’s healthcare unit for US$1.2 billion

INDIA – Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of US$1.2 billion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. “The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities, where…

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