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The Largest PE Exits Of 2011
Fremont: While 2011 saw about $8.2 billion invested through private equity firms, the year also saw 170 exits with a total value of $28.4 billion, which was the lowest quarterly since 2010. Here are the top PE exits of 2011.
Intelnet Global Services
Intelnet, the third-party BPO and contact center saw the exit of its investors Blackstone Group, the global PE firm, which held 75.98 percent stake. Blackstone sold its shares to Serco for $624 million. Intelnet was founded in 2000 with its headquarters in Mumbai as a 50:50 joint venture, between TCS and Housing Development Finance Corporation. TCS divested its shares in 2004, and was purchased on Barclays Bank. In 2007, the management initiated a management buyout, which was backed by Blackstone Group. Intelnet has acquired two companies, Upstream and Travelport ISO.
