Blackstone $825 million acquisition of majority stake in Mphasis

Overview:

• Blackstone has acquired a stake in Mphasis for approximately $825 million from HP Enterprise, resulting in Blackstone holding a controlling 60.5 % stake in Mphasis.
• Mphasis is an IT solutions provider, offering applications, business process outsourcing and infrastructure services.
• Mphasis was listed on the National Stock Exchange and Bombay Stock Exchange in India. 
• Blackstone acquired a facility of $405 million from Deutsche Bank, ING Bank and Standard Charter Bank to finance the acquisition.
• This is the largest acquisition made by Blackstone in India to date.

Wai Yee Tsang - Journalist