Outsourcing company Ibex attracts interest from private equity
(Bloomberg) – Business process outsourcing provider Ibex Holdings Ltd. is attracting preliminary interest from suitors including buyout firm CVC Capital Partners, people with knowledge of the matter said.
CVC spoke to banks about funding a potential deal, according to the people, who asked not to be identified because the information is private. Shares of Ibex are up 55% in New York this year, giving the company a market value of $366 million.
Deliberations are ongoing and there is no certainty that they will result in a formal offer, the people said. Ibex’s main shareholder is The Resource Group International Ltd. of businessman Mohammed Khaishgi, according to data compiled by Bloomberg.
Representatives for CVC and Ibex declined to comment.
–With help from Faseeh Mangi and Kamaron Leach.
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