Bain Capital and GIC Lower Stake in Genpact
Posted on 05/27/2019
Private equity investors Bain Capital Investors and GIC Private Limited, through GIC Special Investments Pte Ltd., are selling 10,000,000 shares of Genpact Limited, as the investors continue to lower their holdings in the business process management company that is listed in the United States. Post-deal, the private equity investors are retaining a 15% stake in Genpact. Genpact is not selling any common shares in, and will not receive any proceeds from, the offering. Citigroup Global Markets Inc. is the sole underwriter for the share sale. Based on recent Genpact stock prices, the investors are expected to fetch around US$ 362 million from the transaction.
This information was revealed in a May 21, 2019 filing with the SEC.
| Selling Shareholder | Number of Genpact Shares To Be Sold |
|---|---|
| Glory Investors | |
| Glory Investments A Limited | 2,367,136 |
| Glory Investments B Limited | 5,836,760 |
| Glory Investments IV Limited | 275,550 |
| Glory Investments IV-B Limited | 20,748 |
| Twickenham Investor (GIC Private Limited) | |
| Twickenham Investment Private Limited | 1,499,806 |
| Total | 10,000,000 |