The Landmark Deals Deals ; It Takes Courage and Imagination to Do Novel Deals. No Wonder, There Aren't Too Many of Them.

Summary

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Warburg Pincus-Bharti Tele-Ventures: The industry is unanimous on the significance of the deal. To put it simply, it suddenly made India very sexy. Between 1999 and 2001, Warburg Pincus decided to bet $290 million (Rs 1,276 crore then) in a telecom start-up (getting 18.5 per cent in equity), and ended up making returns that few investors do worldwide. Between last August and March this year, Warburg sold a little over 12 per cent of its stake in Bharti for more than $1 billion (Rs 4,400 crore). Its remaining 6 per cent is currently worth another $725 million (Rs 3,192 crore). Truly, a once- in-a-lifetime deal for any investor.

Oak Hill-General Atlantic Partners-GECIS: The single-biggest deal in BPO so far, GE's partial sale of its BPO arm saw Oak and gap pick up 30 per cent each for a total price of $500 million (Rs 2,200 crore). In a way, the sale of GECIS also put to test the robustness of India's bpo story. Happily for GE and the industry, GECIS came out with flying colours. It will be interesting to see what kind of an exit Oak and gap manage eventually. One option could be to float GECIS.

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The Landmark Deals Deals ; It Takes Courage and Imagination to Do Novel Deals. No Wonder, There Aren't Too Many of Them.

ChrysCapital-Spectramind: This is another BPO story, but of a very different type. In 2000, when ChrysCapital's Ashish Dhawan decided to back ...

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