Promoters, early investors reboard their companies

Promoters, early investors reboard their companies

Even as co­founder of Spicejet, Ajay Singh, is busy reorganizing the business of the cash­strapped airline, original promoters of Integra Software Services have increased their stake and early investors in NewGen Knowledge Works have made a comeback.

US private equity (PE) fund Carlyle has reinvested in Chennai­based NewGen, a content management, and technology solutions provider across digital media after just three years. Carlyle, which first invested $9.3 million for a majority stake in NewGen in 2004, more than tri­pled its investment when it exited the firm in 2011.