Capital Square Partners Buys Majority Stake in Indecomm Global Services (Asia)

Source: The Times of India  |  Author(s): Boby Kurian and Samidha Sharmal

India- and Southeast Asia-focused private equity firm Capital Square Partners has acquired a 55 percent stake in India-based IT services provider Indecomm Global Services for US$90 million. India-focused investment firm WestBridge Capital Partners, global investment firm Tiger Global Management and development finance institution International Finance Corporation sold their stakes in Indecomm to Capital Square Partners as part of the acquisition. Indecomm provides outsourcing services for clients in the mortgage, healthcare and banking sectors and has 21 offices across six countries.