Carlyle, Advent, others in hunt for HP’s MphasiS stake: sources

A general view of the lobby outside of the Carlyle Group offices in WashingtonBy Indulal PM and Sumeet Chatterjee MUMBAI (Reuters) – Private equity giants Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard Co's $ 1 billion stake in India's MphasiS Ltd, several sources involved in the process said. Buyout firms Advent International and Bain Capital LLC are also in talks to bid for HP's 60.5 percent stake in MphasiS, an IT services exporter, said the sources, who declined to be named as details of a potential deal are not yet public. …


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