Hindujas sell health care unit to Baring Private Equity for $1.2 billion

The transaction is based on an enterprise value of $1.2 billion, subject to closing adjustments, and is expected to conclude within 90 days

Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) said Wednesday it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. 

The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals.

"The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good