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Baring Private Equity Asia to acquire Virtusa for $2.0 billion

Christian Fernsby ▼ | September 11, 2020
Baring Private Equity Asia (“BPEA”) and Virtusa Corporation announced the companies have entered into a definitive merger agreement under which funds affiliated with BPEA will acquire Virtusa for Virtusa for $2.0 billion.
Baring Private Equity Asia   Virtusa
Jimmy Mahtani, Managing Director of BPEA, said, “We are excited to partner with the Company in its next phase of evolution. We’re pleased that the Board has approved our offer unanimously.”

Topics: Baring Virtusa

Rowland T. Moriarty, Lead Independent Director of Virtusa’s Board of Directors, said, “Through this transaction, we are pleased to maximize value.”

Kris Canekeratne, Chairman and CEO of Virtusa, said, “This transaction represents a strategic evolution for Virtusa and a unique opportunity to take our business to new heights.”