Blackstone sells IBS Software stake to Apax for $450 million
Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activities among IPO-ready firms. IBS Software offers a range of software solutions to airlines, logistics and hospitality companies. The Kerala-based startup has a global presence with offices in the…
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