Blackstone agrees $1b exit from India’s Intelenet
The Blackstone Group has agreed to sell India-based business process outsourcing (BPO) service provider Intelenet Global Services to French peer Teleperformance for $1 billion. It is the second time that Blackstone has exited the company through a trade sale.
Blackstone acquired Intelenet in 2015 for GBP250 million ($387 million) from Serco Group, the UK-based support services firm to which it had exited the business in 2011 for $634 million. It originally...
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