The Firm represented certain entities affiliated with The Blackstone Group L.P. in connection with an agreement to sell Intelenet for a total consideration (enterprise value) of $1 billion to an affiliate of Teleperformance SE. The transaction is expected to close by September 30, 2018, subject to receipt of certain regulatory approvals and other customary closing conditions.
Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East.
Intelenet primarily serves the Banking, Financial Services and Insurance sector, as well as the travel, transport & accommodation, e-commerce, e-services and healthcare sectors.
The Simpson Thacher team includes Mike Wolfson, Ben Squires and Donovan Westbrook (M&A); Kelly Karapetyan and Étienne Renaudeau (Antitrust); and Antti Pesonen (Credit).