Buyout firms KKR & Co and PAG are among preliminary bidders for IGT Solutions, the Indian call-center business being sold by an arm of Apollo Global Management, according to people familiar with the matter.
IGT Solutions, which is owned by Apollo affiliate Aion Capital Partners, has also attracted initial interest from Indian back-office manager WNS Holdings, the people said. Aion is seeking more than $700 million for the asset, the people said.
Aion plans to seek final bids for the business next month, the people said. It aims to sign an agreement with a buyer as early this quarter, according to one