Investor: Blackstone Group
Investment Value: $200 mn
Susir Kumar, Chief Executive Officer, Intelenet Global Services, explains the key rationale behind the Blackstone and
Intelenet deal to 4Ps B&M: “We wanted to retain our third party BPO focus and wanted to grow into a global brand. From the outset, we were very clear about what we were looking for in a potential partner. This deal with Blackstone will enable us to continue to grow as a third party BPO service provider and will also help our multi-pronged growth strategy. The association with Blackstone is a mutually beneficial one where Blackstone leverages Intelenet’s delivery capabilities for all its portfolio companies. Intelenet aims to optimally leverage Blackstone’s financial backing to improve and expand its operations. These acquisitions will enable Intelenet to expand its delivery footprint from solely offshore centres, to an on-shore and near-shore capability based out of the US and Latin America. Blackstone is lending its global brand and ready access to its investee portfolio.”
In one of the largest management buyouts in the BPO space, leading PE player Blackstone Group bought out HDFC and Barclays stake in Intelenet Global Services for a consideration of close to $200 million last year. Since incorporation in 2000, Intelenet has grown from 25 employees to over 17,000 employees across 18 locations in India and overseas. The fund infusion is enabling the investee company to become a global service provider with a global delivery footprint. In December 2007, Intelenet acquired two global companies, as part of its aggressive inorganic growth plans.
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Source : IIPM Editorial, 2008
Investment Value: $200 mn
Susir Kumar, Chief Executive Officer, Intelenet Global Services, explains the key rationale behind the Blackstone and
Intelenet deal to 4Ps B&M: “We wanted to retain our third party BPO focus and wanted to grow into a global brand. From the outset, we were very clear about what we were looking for in a potential partner. This deal with Blackstone will enable us to continue to grow as a third party BPO service provider and will also help our multi-pronged growth strategy. The association with Blackstone is a mutually beneficial one where Blackstone leverages Intelenet’s delivery capabilities for all its portfolio companies. Intelenet aims to optimally leverage Blackstone’s financial backing to improve and expand its operations. These acquisitions will enable Intelenet to expand its delivery footprint from solely offshore centres, to an on-shore and near-shore capability based out of the US and Latin America. Blackstone is lending its global brand and ready access to its investee portfolio.”In one of the largest management buyouts in the BPO space, leading PE player Blackstone Group bought out HDFC and Barclays stake in Intelenet Global Services for a consideration of close to $200 million last year. Since incorporation in 2000, Intelenet has grown from 25 employees to over 17,000 employees across 18 locations in India and overseas. The fund infusion is enabling the investee company to become a global service provider with a global delivery footprint. In December 2007, Intelenet acquired two global companies, as part of its aggressive inorganic growth plans.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
