Apax buys GlobaLogic for 420 million.

Apax Partners has reportedly acquired GlobalLogic, an IT outsourcing firm co-founded by 4 Indians. The co-founders of the company are graduates from IIT. Apax Partners LLP is an UK-based private equity and venture capital firm, with headquarter in London, England. This buy has marked the biggest India exit deal for venture capitalists this year.  GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay has its own unique hybrid business model. “It is one … [Read more...]