Private Equity Funds May Team Up With IT Cos For Satyam Bid

Global private equity players are looking to team up with IT companies in India for a joint bid for fraud-hit Satyam Computer Services. Private equity players like Texas Pacific Group and General Atlantic (GA) have shown an interest in Satyam, reports Economic Times. While General Atlantic may team up with its portfolio firm Patni Computers, other IT firms that are in fray are iGate Corporation, Tech Mahindra and L&T Infotech. But the issue that these firms face is what will be the fallout of lawsuits and other possible liabilities that Satyam might face, and how can they protect themselves against it.Top officials at both Tech Mahindra and iGate have confirmed that they have been approached by private equity players for bid for Satyam. If Patni clinches the deal, it will take back to its old position of top IT companies India, a position it has lost to likes of HCL Technologies and Tech Mahindra.

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