ValueLabs Acquired by CVC Capital Partners at $1-1.2 Billion Valuation

CVC Capital Partners is leading the race to acquire Hyderabad-based technology services firm ValueLabs at a valuation of $1-1.2 billion. The European firm has signed an exclusivity agreement with ValueLabs and is currently negotiating the deal. Other contenders for the acquisition include EQT and Blackstone. The proposed transaction is expected to value the company at $1-1.2 billion, with the promoters retaining 15-20% ownership.