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.
(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 has been speaking to banks about financing for a potential bid, according to the people, who asked not to be identified because the information is private.
Shares of Ibex have risen 55% in New York trading this year, giving the company a market value of $366 million.
Deliberations are ongoing, and there’s no certainty they will result in a formal offer, the people said.
Ibex’s biggest shareholder is businessman Mohammed Khaishgi’s The Resource Group International Ltd., according to data compiled by Bloomberg.
Representatives for CVC and Ibex declined to comment.
–With assistance from Faseeh Mangi and Kamaron Leach.
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