iEnergizer confirms in talks to be bought by private equity firm BPEA

(Alliance News) - iEnergizer Ltd said on Thursday that it has entered into early talks to be bought by BPEA Advisors Private Ltd after Bloomberg earlier Thursday reported about a potential sale.

BPEA stands for Baring Private Equity Asia.

iEnergizer, an IT service management company, said talks with BPEA continue, and it is undertaking a strategic review to maximise value for shareholders.

iEnergizer provides customer management and custom content development services. It was founded in 2000 and its operations centre is in India.

iEnergizer shares were up 4.6% at 412.00 pence each on Thursday morning in London.

By Xindi Wei; xindiwei@alliancenews.com

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