Wipro has sold its stake in data center firm Ensono, after Ensono was bought by private equity firm KKR.
In April, US private equity firm KKR announced it was acquiring Ensono, from Charlesbank Capital Partners and M/C Partners, for a reported fee of up to $1.7 billion. Ensono is a managed services provider based in Illinois.
It now seems that KKR also acquired Wipro’s stake in the business as part of the deal. In a recent filings report, Wipro said it had sold its entire stake in Ensono Holdings to KKR for $76.24 million.
“As part of the recently announced acquisition of Ensono by KKR, Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC.” the company reported.
Ensono, previously Acxiom’s Infrastructure Management business, was acquired by Charlesbank and M/C in 2015 for $190 million. The company provides a number of data center, disaster recovery, and mainframe services, as well IT consultancy.
In 2018, Ensono bought Wipro’s data center business – totaling eight facilities – for $405 million. Wipro, in-return, took a 10.2 percent stake in Ensono Holdings, LLC for $55 million. At the time the two companies said they would "collaborate on addressing the hybrid IT requirements of Wipro’s new and existing customers."