Teleperformance, PE firms eye Everise
Mint Mumbai|May 29, 2023
French digital business services provider Teleperformance SE and private equity firm Blackstone Group Inc. are planning separate bids for Everise Holdings, an IT services business owned by Brookfield Asset Management, two people aware of the transaction said.
Ranjani Raghavan
Teleperformance, PE firms eye Everise

Brookfield has hired Morgan Stanley to conduct the sale and hopes to raise around $1.4 billion, the people cited above said on the condition of anonymity. The bids are due later this week and may see interest from other private equity firms as well.

Spokespeople for Brookfield and Blackstone declined to comment. Teleperformance and Morgan Stanley did not respond to requests for comment.

In 2016, Everstone Capital, a private equity firm focused on India and Southeast Asia, along with Sunrise BPO, acquired US-based business process outsourcing company C3 to create Everise. Everstone sold the business to Brookfield in 2020 for approximately $450 million, according to media reports. Everstone, which bought back a 20% stake from a different fund, did not respond to a request for comment.

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