US PE firm Blackstone acquires General Atlantic’s stake in IBS Software
Q. US PE firm Blackstone has purchased a minority stake in IBS Software from which company on 16th December 2015?- Published on 17 Dec 15a. General Atlantic
b. General Electric
c. IBM
d. Apple
ANSWER: General Atlantic
US PE firm Blackstone Group LP has purchased a minority stake in India’s IBS Software for USD 170 million from shareholders including General Atlantic. IBS is a software company involved in diverse industries such as travel, hospitality, logistics and oil and gas. General Atlantic has been an investor in IBS since 2007. PE firm Blackstone has been looking for investment opportunities since acquisition of India operations of British outsourcing firm Serco for 250 million pounds, the largest acquisition in India by enterprise value.
