Bain Capital and Carlyle Group Close to Acquiring HSO in $1 Billion Deal

Carlyle Group is close to selling Dutch tech services company HSO to Bain Capital for about $1 billion. HSO's management will re-invest in the business through the transaction. This deal comes after a lull in private equity firm dealmaking, as they face pressure from investors to put money to work and return cash from existing investments. Carlyle has made several recent deals, including the sale of Calastone to SS&C Technologies for $1 billion and the acquisition of a majority stake in IT consultancy Adastra Group.