CX Partners takes control of Minacs with close of $260 mln deal
India's Aditya Birla Nuvo Ltd has completed its sale of business process outsourcing unit Minacs to an investor group led by private equity firms CX Partners and Capital Square Partners. Post this deal, which was valued at US$260 million, Minacs will be majority-owned by CX Partners. The company has a significant market presence in Canada, and an office in Toronto. Minacs was formerly a portfolio investment of Canadian private equity firm ReichmannHauer Capital Partners. The firm led the acquisition of Minacs, a TSX listed company, in 2006 and subsequently invested in TransWorks Information Services Ltd, an Indian BPO company that merged with Minacs.
9 May 2014•4 mins read
