Blackstone and GIC execute rare Asian dividend recap

Jun 15, 2017

The private equity firm and sovereign wealth fund took advantage of strong bond markets to raise funds to pay themselves a special dividend in an Indian outsourcing company.

Blackstone and GIC execute rare Asian dividend recap

Blackstone and Singapore's Government Investment Corporation broke new ground for Asia's private equity industry on Tuesday after using the bond markets to raise funds for a dividend recapitalisation in Indian outsourcing company MphasiS.

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