Sovereign wealth fund GIC Singapore is joining Bain Capital in a deal to buy 30 per cent stake in the business process management and technology services company Genpact Ltd for $1 billion. GIC Singapore will invest $150 million in the transaction along with Bain Capital's $849 million in Genpact, according to a filing.
The deal comes after the two firms co-invested $850 million in Hero MotoCorp, the world’s largest bike-maker in terms of volumes, last year. Full story
