Private Equity

Liquidity Events

Blackstone makes 5x via part-exit from US-based TaskUs

Economic Times  

Global private equity investor Blackstone has made a partial exit from Santa Monica, CA (USA)-based BPO firm TaskUs through a Nasdaq public offering, raising as much as USD 300 million, valuing the firm at around USD 2.5 billion. Blackstone is poised to generate five-fold returns from the two-and-a-half-year old investment. In August 2018, Blackstone had invested over USD 300 million to buy a 62% stake in TaskUs, valuing it at USD 500 million. It continues to be the single-largest shareholder in TaskUs with an over 50% stake, worth about USD 1.7 billion.