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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A powerful AI breakthrough is about to transform the world
First announced in a 2017 paper, the transformer paved the way for OpenAI to launch ChatGPT two years ago
Xi says China ready to work with Trump to boost ties
Chinese leader Xi Jinping told US President Joe Biden that he's ready to work with Donald Trump to improve the relationship between the world's biggest economies.
Trump's top team sets stage for White House power grab
President-elect looks to bypass federal institutions to install nominees and shrink government
Lab-grown meat, dairy may come under FSSAI regulation
Push to frame standards for lab-grown proteins, despite doubts over its acceptance
Colgate: Aiming for behaviour change and premium growth
With its near-universal penetration, Colgate-Palmolive India is synonymous with oral care in India.
DIGITAL ADVERTISERS NEED TO THINK BEYOND GOOGLE
'The US Department of Justice's (DOJ) antitrust case against Google may have wrapped up, but whether the court rules for or against it, there's no denying the case highlighted a crucial issue-the company's dominant hold over the digital advertising market.
How sports became the MVP of brand building
With its emotional resonance, evolving digital capabilities and unmatched reach, sports offers brands an opportunity to create lasting legacies
What makes Indian roads the deadliest?
A road accident in Dehradun early on Tuesday last week killed six and left one critically injured—a stark reminder of Indian roads being the world's deadliest, with the highest fatalities globally.
Macrotech aims to scale digital infra business on its own
Its digital infra portfolio under Lodha Industrial and Logistics Park is 5 mn sqft across 3 warehousing & industrial parks
Amazon India relocating HQ
The company's move from World Trade Centre raises questions about how Brigade would find a new tenant