Intelenet Global Services P. Ltd. Announced that Barlcays has acquired a 12.75 % stake in SKR BPO Services, the holding company of Intelenet Global Services. Barclays Capital and Morgan Stanley were bankers for this deal.
Susir Kumar, Intelenet Managing Director and CEO remarked, “Barclays has always been and will continue to be a 'Stellar Partner' for Intelenet. We are pleased to again welcome Barclays as a shareholder and are grateful to them for their unwavering support.” He further added – “this deal goes onto demonstrate the trust and the exemplary working relationship between both the organisations over the last 6 years.”
Akhil Gupta, Chairman, Blackstone India, said, “At Blackstone we continue to be very excited about the Intelenet management team’s execution of its growth strategy and the further strengthening of its partnership with Barclays. Barclays investment in Intelenet is a testament to the best-in-class delivery capabilities of Intelenet, making it even more attractive to customers worldwide, including Blackstone’s portfolio companies. I am glad that Blackstone has already been able to add significant value to Intelenet, facilitating six global Blackstone portfolio companies as Intelenet’s customers.”
Source: Telecom Tiger