Carlyle, Bain Capital keen to acquire Intelenet as Blackstone sets for exit

Intelenet has seen many changes in ownership ever since it was found

Two-and-a-half years after it brought back Intelenet Global Services from UK-headquartered Serco Plc. for $383 million (about Rs 2,558 crore), Blackstone once again wants to leverage the asset with an exit.

The private equity major has started the process to sell its stake in the Mumbai-headquartered back-office services provider. Most of the top global private equity firms including Carlyle and Bain Capital are understood to have shown interest to acquire the company which employs around 55,000 people worldwide, with majority in India.

“The process has started and the top 4-5 global funds are certainly there engaged in the discussion,” senior