Tuesday, November 5

Tag: Dhiraj Rajaram

TPG May Acquire Large Stake in Big Data Firm Mu Sigma
ACQUISITION

TPG May Acquire Large Stake in Big Data Firm Mu Sigma

The big data analytics company Mu Sigma is in talks with the private equity player TPG Capital to sell a large stake sale in the firm. According to the sources, this acquisition of stake may result in a potential sale of the venture and this will value the company at around $1.2 billion.  However, there has been no formal agreement regarding the same, the sources say the ongoing talks may not lead to a definitive deal and a complete exit for present shareholders is not being ruled out. “TPG and Mu Sigma are trying to explore if a deal is workable. The discussions have been substantial but contours of the transaction are yet to evolve,” stated a source familiar to the matter. He also told that the two companies have not involved any investment banks yet. The data analytics company ...