Teleperformance to acquire Intelenet from Blackstone for $1 billion

Deal gives Blackstone exit with 4X returns, its largest in Asia so far

In a move that will see private equity major Blackstone making a windfall from one of its Indian investments, French back-office services company, Teleperformance, on Wednesday said it would acquire business process outsourcing (BPO) services company, Intelenet Global Services, for $1 billion (around Rs 68 billion).

The deal would see Blackstone exiting Intelenet with a 4X return, its largest exit in Asia so far.

One of the earliest investors in Intelenet, Blackstone first made an investment of $200 million in the Mumbai-based firm in 2007 and exited in 2011 by selling its entire stake to UK-based Serco Group for around