Baring Private Equity Asia Ltd., the pan-Asian buyout firm that’s merging with EQT AB, has made a takeover approach to US information-technology services provider DXC Technology Co., according to people familiar with the matter.
Takeover speculation has been rife around the Ashburn, Virginia-based company, which rose 9% to $28.45 at 1:43 p.m. in New York trading Tuesday, giving it a market value of about $6.5 billion.
BPEA, founded by Jean Eric Salata, is seeking to expand its cross-border dealmaking capability after Sweden’s EQT agreed to acquire the firm for about $7.5 billion earlier this year. The Asian firm gathered $11.2 billion for its biggest pool of capital in the firm’s history, it said last month.
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