Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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CMS Info Systems Ltd / Equity Capital Markets

<p>Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in <a href="https://www.smartkarma.com/entities/26155" target="_blank" data-smartkarma-citation="entities:26155:1">CMS Info Systems Pvt Ltd (9156635Z IN)</a> (CMS) via an IPO. </p><p>CMS is the largest cash management company in India with a sizeable lead over the next player. However, it has failed to keep up with industry growth and hasn't been able to scale back to the peak earnings at which Blackstone exited. This doesn't seem to have stopped Barings, which bought the company from Blackstone in 2015, from trying to IPO at nearly double the price it paid just about two years ago.</p>

Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in CMS Info Systems Pvt Ltd (9156635Z IN) (CMS) via an IPO. CMS is the largest cash management company in India with a sizeable lead over the next player. However, it has failed to keep up with industry growth and hasn't been able to scale back to the peak earnings at which Blackstone exited. This doesn't seem to have stopped Barings, which bought the company from Blackstone in 2015, from trying to IPO at nearly double the price it paid just about two years ago.

CMS Info Systems Pre-IPO Review - When a PE Sells to Another PE... Only One Gets the Timing Right

India

CMS Info Systems Limited provides cash management services. The Company offers ATM and currency management, retail and enterprise, and card solutions. CMS Info Systems serve customers in India.

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CMS Info Systems Ltd (CMSINFO IN)

CMS Info Systems Pre-IPO Review - When a PE Sells to Another PE... Only One Gets the Timing Right

Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in CMS Info Systems Pvt Ltd (9156635Z IN) (CMS) via an IPO. CMS is...

Sumeet Singh

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