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Blackstone sells IBS Software stake to Apax for $450 million

Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activities among IPO-ready firms.
IBS Software offers a range of software solutions to airlines, logistics and hospitality companies. The Kerala-based startup has a global presence with offices in the U.S., Canada, Australia, Dubai, Japan, South Korea, and the UK. It counts Cathay Pacific Airways and Etihad Airways, Air Canada, DHL, FedEx, Heathrow, JetBlue, Lufthansa, Qantas, Singapore Airlines, and V

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