Business Services Industry
INDIA: PRIVATE EQUITY FIRM "OAK HILL" TO PICK UP A STAKE IN BPO LEADER.(Brief Article)
IPR Strategic Business Information Database, November, 2004
According to "Business Standard", Oak Hill Capital Partners, a $1.6-billion private equity firm, is believed to be emerging the front runner for General Electric Company's outsourcing operations in the country, known as GE Capital Services. Sources indicated that a consortium of investors was likely to buy GE Capital Services and that Oak Hill Capital Partners was one of the investors.
GE executives, however, declined to comment on the matter. GE Capital Services is the leader in off shoring services to India. Set up in 1997, the company employs over 12,000 people in eight sites in India in four cities. It has five centers u one each at Gurgaon, Bangalore and Jaipur u and two in Hyderabad. The Jaipur site was the last to come up. The company has been planning to...
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