Baring Asia to Acquire Blackstone's CMS Info Systems
March 10, 2015
Baring Private Equity Asia has agreed to acquire Blackstone's 57% stake in CMS Info Systems for $250 million. Formed more than six years ago, the company provides a number of services including ATM management, cash delivery and pick-ups, cash processing and sorting, and cashiering. Blackstone reportedly paid $65 million to acquire the majority stake.