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Capgemini Agrees to Pay $4 Billion for Apax-Backed Igate in IT Services Deal

2015-04-28 03:50:16| IT Services - Topix.net

The deal values Igate at an enterprise value of about $4.53 billion, including debt of $686 million and cash on hand of $192 million at the end of 2014. Based on that enterprise value, Capgemini is paying about 15.5 times Igate's earnings of $292 million for 2014 and just under 3.6 times its sales of $1.27 billion.

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