Page 6 - Blackstone Group
Blackstone-backed Intelenet Global Services eyes $1-bn revenue by 2020
Business process outsourcing firm Intelenet Global Services aims to double its revenues to $1 billion by 2020 through acquisitions in digital technologies and on the back of deals from Blackstone portfolio companies. Private Equity investor Blackstone Group LP-backed back office services provider Intelenet has renewed its interest in driving growth through acquisitions growth after it saw an improvement in valuation. Blackstone had re-purchased India-based BPO operations of the UK's Serco Group Plc for nearly Rs. 2,558 crore in 2015, after four years of selling it. Intelenet, which primarily caters to banking and financial services, travel, and healthcare segments, generates nearly 70 per cent of its revenues from outside India. The $430 million (nearly Rs 2860 crore) BPO company said it has a better deal pipeline for the existing services for the next couple of years and beyond. "The revenue aspiration that we have is a combination of organic and inorganic play...Our inorganic ...
 "Blackstone-backed Intelenet Global Services eyes $1-bn revenue by 2020")
Blackstone a deal away from becoming No 2 mall operator
Buys 2 malls in Indore for Rs 1,200 cr; in final leg of talks to acquire project in Chandigarh
 "Blackstone a deal away from becoming No 2 mall operator")
Blackstone JVs gear up for Reits; to file prospectus by December
Blackstone-Embassy group JV to file prospectus by September, and Blackstone-Panchshil by December
 "Blackstone JVs gear up for Reits; to file prospectus by December")
Blackstone to rebrand, revamp its malls
Blackstone acquired AlphaOne, which has malls in Ahmedabad and Amritsar