Partners Group is reportedly planning to acquire Atria Convergence Technologies Limited (ACT). To this end, the Swiss private equity fund is negotiating with the private equity owners of ACT.
Partners Group will likely buy out True North and TA Associates, which together own a 95 per cent stake in the company.
As per industry sources, the existing investors are looking at a valuation of Rs 103 billion to Rs 120 billion, depending on whether they could retain a minority stake or exit entirely.
Partners Group is reportedly carrying out due diligence before the final bids are submitted in a few weeks.
Investment bank UBS is advising the PE funds.