M&A Deal Summary

The Blackstone Group Acquires Intelenet Global Services Pvt.

On September 16, 2015, private equity firm The Blackstone Group acquired business services company Intelenet Global Services Pvt. from Serco Group for 250M GBP

Acquisition Highlights
  • This is The Blackstone Group’s 6th transaction in the Business Services sector.
  • This is The Blackstone Group’s 126th largest (disclosed) transaction.
  • This is The Blackstone Group’s 14th transaction in India.
Investment Fate
  • Intelenet Global Services Pvt. was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary
Date 2015-09-16
Target Intelenet Global Services Pvt.
Sector Business Services
Buyer(s) The Blackstone Group
Sellers(s) Serco Group
Deal Type Divestiture
Deal Value 250M GBP

Target

Intelenet Global Services Pvt.

Mumbai, India
website
Intelenet Global Services Pvt. Ltd. is a provider of business process outsourcing services worldwide. The firm offers services via telephone, email, Web, and standard mail. Intelent also provides transaction processing, finance & accounting and IT process consulting services.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 195 of 321
Sector (Business Services) 6 of 14
Type (Divestiture) 19 of 32
Country (India) 14 of 19
Year (2015) 11 of 18
Size (of disclosed) 126 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 CMS Info Systems

Mumbai, India

CMS Info Systems provides IT & outsourced business services across India. The company offers a wide bouquet of services across the value chain, focusing on retail banks, insurance, telecom, retail, PSU and Government segments. CMS Info Systems was founded in 2008 and is based in Mumbai, India.

Sell $301M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Ideal Shopping Direct

Peterborough, United Kingdom

Ideal Shopping Direct is a multi-channel retailer that engages in selling products to consumers through digital television home shopping channels and the Internet in the United Kingdom and internationally. Ideal Shopping Direct was founded in 1980 and is based in Peterborough, United Kingdom.

Buy -

Seller(S) 1

SELLER

Serco Group

Hook, United Kingdom

website

Category Company
Founded 1929
Sector Business Services
Employees55,000
Revenue 4.5B GBP (2022)
DESCRIPTION

Serco provides world class business process outsourcing for customers it manages front, middle and back office programs. Our key service areas include customer interaction centres, direct marketing, loyalty and fulfilment programs, training design and delivery, customer relationship management software solutions and consultancy services. Serco Group was founded in 1929 and is based in Hook, the United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 4
Country (India) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Great Southern Rail

Keswick, Australia

Great Southern Rail owns and operates the luxury trans-continental passenger rail services known as The Ghan, The Indian Pacific and The Overland. Great Southern Rail was founded in 1997 and is based in Keswick, Australia.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 BTP Systems

Ludlow, Massachusetts, United States

BTP Systems LLC provides satellite communications (SATCOM), radar modernization, operations and maintenance, and sustainment services that enable customers to extend the lives of existing systems and achieve phased upgrades with new technology to enhance operational capability. BTP specializes in areas including obsolescence engineering, systems engineering services, test equipment and design, and field engineering services, and maintains a near-field and compact antenna test range at their Ludlow, MA headquarters.

Buy -
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