June 2007
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  

Contact us

Blackstone close to buying Intelenet for $200 mn

Private equity firm Blackstone that was in the race to acquire Intelenet is close to clinching the deal for $200 million that will give it a majority stake in the BPO. Intelenet, ranked among the top 15 BPOs in the country, was up for sale with both its partners, HDFC and Barclays Bank, interested in exiting their holdings. The BPO is a 50:50 partnership between the two. Sources familiar with the development confirmed that Blackstone was in advanced talks and the deal was likely to be concluded next week. “A few issues still remain to be ironed out,” said another source. Company officials could not be reached. [...]