Apax Funds set to pick minority stake in Indian travel tech firm IBS Software for $450m

Apax Funds set to pick minority stake in Indian travel tech firm IBS Software for $450m

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Funds advised by Apax Partners have signed a definitive agreement to acquire a significant minority stake in Indian travel tech company IBS Software from PE major Blackstone for about $450 million.

Edited by: Pramod Mathew