Blackstone $170 million acquisition of minority stake in IBS Software

1/2/2016

Private acquisition

Value:

$ 170 million

Status:

Completed

Date:

1/2/2016

Overview:

Blackstone has acquired a minority stake in IBS Software for $172 million.
The private equity firm bought its stake in IBS from General Atlantic, which has been an investor in IBS since 2007
IBS is a software company involved in the travel, hospitality, logistics and oil and gas industries.

Katrin Kostadinova - Data analyst

Jurisdictions:

India
Singapore

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

India

Industry sector:

Technology and telecommunications

Firms:

Allen & Gledhill

Party: Blackstone (Acquirer)

Lawyer: Christian Chin

AZB & Partners

Party: General Atlantic (Seller)

Lawyer: Nilanjana Singh

Cyril Amarchand Mangaldas

Party: IBS Software (Target)

Lawyers: Nagavalli G, Reeba Chacko

Latham & Watkins

Party: IBS Software (Target)

Lawyer: Rajiv Gupta

Shardul Amarchand Mangaldas & Co

Party: Blackstone (Acquirer)

Lawyer: Raghubir Menon

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