General Atlantic LLC, a private equity firm, has made a significant investment in CitiusTech, Inc., a provider of healthcare technology services and solutions. Both the entities are based in the US.
Rumor (March 13, 2014):
According to The Times of India, media sources reported Warburg Pincus LLC, a US-based private equity firm, may acquire a 30% stake in CitiusTech.
The transaction is valued at approximately INR6,700 million ($109.82 million).
CitiusTech has more than 1,400 employees.
Reportedly, General Atlantic, TA Associates Management, L.P. and ChrysCapital Management Company are also in the race to acquire the stake in CitiusTech.