Baring Asia set to accept $3 billion Carlyle offer for Hexaware

Private equity giant Baring Asia, which owns the software firm Hexaware Technologies, is set to pick the $3 billion offer from the Carlyle Group for the city-based company, according to a person with direct knowledge of the matter. The Carlyle Group – the Washington-based multinational private equity, alternative asset management and financial services giant with over $260 billion in assets under management and specialising in private equity, real assets, and private credit – is set to pip bulge-bracket private equity giants such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance and is most likely to be the winner with around $3 billion bid.