Carlyle leads race to buy out Hexaware from Baring Asia with $3-B bid

Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia with a bid of USD 3 billion (INR 22,500 crore). Carlyle's offer trumps competition from Bain Capital and Paris-based technology company Teleperformance. All three, shortlisted for the final round of negotiations, submitted binding offers on Monday.